RBC Global Asset Management Inc. launches new low volatility equity funds for Canadian investors
TORONTO, Nov. 19, 2012 /CNW/ - RBC Global Asset Management Inc. today announced the launch of RBC QUBE Low Volatility Canadian Equity Fund and RBC QUBE Low Volatility U.S. Equity Fund. These funds are now available for purchase by individual and institutional investors in Canada.
"In an increasingly complex investment environment, we are pleased to offer a simple way for investors to reduce risk in their equity portfolios," said Bill Tilford, Head of Quantitative Investments at RBC Global Asset Management. "These new funds use quantitative investing to offer investors the upside potential of equities with less risk and volatility than broad market indexes."
RBC QUBE Low Volatility Equity Funds are monitored daily and adjusted to deal with changes to their risk and return profiles. The new funds use a custom risk model that is designed to more accurately measure and forecast risk.
The funds are appropriate for investors who have a long-term investment horizon and who are able to tolerate a medium level of investment risk. The low-volatility strategies are suitable for investors who are seeking a defensive core equity investment with the potential to earn equity-like returns, but with less volatility than a traditional equity portfolio.
The two new funds are available to individual investors through four low-fee options: Series A; Advisor Series and 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 each fund series is outlined in the table below.
|FUND||MANAGEMENT FEE (%)|
|SERIES A||ADVISOR||SERIES F||SERIES D|
RBC QUBE Low Volatility Canadian
RBC QUBE Low Volatility U.S. Equity
The funds are also available to institutional investors through Series O.
Please read the prospectus 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, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $265 billion in assets and have approximately 1,000 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 10 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$562 billion of assets under administration, more than C$324 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.