MINNEAPOLIS, MN, Jan. 8, 2014 /PRNewswire/ - RBC Global Asset Management (U.S.) Inc. (RBC GAM-US) announced the launch of RBC Emerging Markets Equity Fund and RBC Emerging Markets Small Cap Equity Fund. These mutual funds will be sub-advised by RBC Global Asset Management (UK) Ltd. (RBC GAM-UK). The new funds will be available to institutional and individual investors throughout the United States. RBC GAM-UK manages $1.5 billion in emerging market equity strategies, as of September 30, 2013.
"We believe emerging markets provide an attractive long-term investment opportunity for investors," said Mike Lee, Chief Executive Officer and Chief Investment Officer of RBC GAM-US. "We are pleased to offer the expertise of the RBC GAM-UK Emerging Markets Equity Team to U.S. investors. This experienced, London-based team is fully dedicated to emerging markets."
Regarding the RBC Emerging Markets Small Cap Fund, Lee added, "Our firm has broad experience in managing small cap equities. The fundamental research-driven approach of our Emerging Markets Equity Team reveals potentially attractive opportunities to own smaller, lesser known companies in these rapidly growing economies."
The RBC Emerging Markets Equity Fund seeks to provide long term capital growth by investing in equity securities of companies that are domiciled in or conduct a substantial portion of their business within emerging markets and trade in industries with strong secular growth trends. The Fund seeks to emphasize quality and long-term growth at a reasonable price, combining a fundamental bottom-up approach to stock selection with a top-down macroeconomic overlay driven by long-term secular themes. The RBC Emerging Markets Small Cap Equity Fund seeks to provide long term capital growth following the same philosophy and process of the RBC Emerging Markets Equity Fund, but focused on small cap companies.
Class I shares of the Funds are offered solely to institutions and other U.S. investors with a minimum initial investment of $250,000. Class A shares of the Funds are offered to U.S. investors with a minimum initial investment of $1,000.
For further information about the RBC Emerging Markets Equity Funds, please visit https://us.rbcgam.com/mutual-funds/equity-funds/fg-5/default.fs.
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. In total, RBC GAM group of companies manage more than $300 billion in assets and have approximately 1,100 employees located across Canada, the United States, Europe and Asia.
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC, is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has more than $260 billion of assets under administration and nearly 2,000 financial advisors operating in 190 locations in 42 states.
RBC Global Asset Management (U.S.) Inc. serves as investment adviser for the RBC Emerging Markets Equity Funds. The RBC Emerging Markets Equity Funds are sub-advised by RBC Global Asset Management (UK) Limited, a wholly-owned subsidiary of RBC. The RBC Funds are distributed by Quasar Distributors, LLC.
NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.
The RBC Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 800.422.2766 or visiting https://us.rbcgam.com/mutual-funds/. Read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. Investing in small cap companies involves additional risks, including greater fluctuations in value and less liquidity than larger companies. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks can be greater in emerging markets. There is a possibility that issuers of securities in which the Fund may invest may default on the payment of interest or principal on the securities when due, which would cause the Fund to lose money. These risks are more fully described in the prospectus.
SOURCE RBC Global Asset Management (U.S.)