TORONTO, June 25, 2019 /CNW/ - RBC Global Asset Management
Inc. ("RBC GAM Inc.") today announced the following changes to
three RBC Funds:
Risk rating decrease
The risk rating for RBC Target
2020 Education Fund has decreased from "low to medium" to
"low".
|
Fund
|
Current Risk
Rating
|
New Risk
Rating
|
|
RBC Target 2020
Education Fund
|
Low to
medium
|
Low
|
The change is consistent with the Fund's investment objective to
become more conservative as its target date approaches.
Changes to investment strategies of RBC U.S. Index Currency
Neutral Fund and RBC International Index Currency Neutral
Fund
RBC U.S. Index Currency Neutral Fund will have the
additional flexibility to invest in iShares Core S&P 500 Index
ETF (CAD-Hedged) – Ticker: XSP.
RBC International Index Currency Neutral Fund will have the
additional flexibility to invest in iShares Core MSCI EAFE IMI
Index ETF (CAD-Hedged) – Ticker: XFH.
Currently, the Funds invest in the unhedged versions of the ETFs
and separately use strategies to minimize U.S. dollar and foreign
currency fluctuations.
These changes will be reflected in the renewal of the simplified
prospectus for the Funds and will be effective June 27, 2019.
Please consult your advisor and 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. RBC
Funds, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc.
and distributed through authorized dealers. RBC GAM Inc. is a
member of the RBC GAM group of companies and an indirect wholly
owned subsidiary of Royal Bank of Canada.
About RBC Global Asset 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
institutional, high-net-worth and individual investors through
separate accounts, pooled funds, mutual funds, hedge funds,
exchange-traded funds and specialty investment strategies. The RBC
GAM group of companies manage approximately $430 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management