RBC Launches New Funds

The emerging market funds include the RBC Emerging Markets Equity Fund and the RBC Emerging Markets Small Cap Equity Fund. These mutual funds will be sub-advised by RBC Global Asset Management (UK) Ltd., and are available to institutional and individual investors across the U.S.

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.

Portfolio manager Philippe Langham oversees the two emerging markets funds, according to a statement from RBC.

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 investors with a minimum initial investment of $1,000.

RBC also added the RBC Short Duration Fixed Income Fund and the RBC Ultra-Short Fixed Income Fund to its mutual fund lineup

The RBC Short Duration Fixed Income Fund seeks to achieve a high level of current income consistent with preservation of capital and strives to maintain a duration of three years or less. The RBC Ultra-Short Fixed Income Fund also seeks to achieve a high level of current income consistent with capital preservation and will typically maintain an average weighted dollar maturity of six to 18 months.

Portfolio managers Brandon Swensen and Brian Syendahl oversee the fixed-income funds.

Class I shares of the funds are currently available to institutions and other U.S. investors with a minimum initial investment of $10,000.  Class F shares of the funds are expected to be effective on or about March 3, and will be available through certain broker/dealer intermediaries with a minimum investment of $10,000.

More information about the emerging markets equity funds is available here. More information about the RBC Short Duration Fixed Income Fund and the RBC Ultra-Short Fixed Income Fund is available here.