TORONTO, Aug. 11, 2014 /CNW/ - RBC Global Asset Management Inc. today announced the launch of RBC European Dividend Fund, which is now available for purchase by individual investors and advisors in Canada.
"We are pleased to offer our clients an international income equity solution that leverages our enhanced capabilities in global and European equities," said Doug Coulter, president of RBC Global Asset Management Inc. "The RBC European Dividend Fund is managed by our London-based investment team, which is ideally situated to uncover compelling investment opportunities in Europe."
RBC European Dividend Fund is designed to meet the needs of investors who are seeking income-generating products with an economic and geographic diversification and can tolerate medium risk and fluctuations over a long-term investment horizon. The Fund is managed by the London-based European equity team led by Dominic Wallington, chief investment officer of RBC Global Asset Management (UK) Limited.
"High-quality dividend stocks have historically outperformed in Europe and we are pleased to provide Canadian investors with access to these opportunities," said Wallington. "Our aim is to strike the right balance between dividend income, dividend growth and wealth preservation, while providing investors with the opportunity to diversify their sources of income across European markets."
RBC European Dividend Fund is available to individual investors through four options: Series A; Advisor Series; Series F (available via financial advisors); and Series D (available via direct-to-client platforms, PH&N Investment Services and RBC Direct Investing).
The management fee for RBC European Dividend Fund is outlined in the table below.
|Management Fee (%)|
|Series A||Advisor||Series F||Series D|
Please read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than C$340 billion in assets and have approximately 1,200 employees located across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa, and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$690 billion of assets under administration, more than C$426 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.