Certain global and international equity
strategies will be closed to new investors
as of
September 15, 2021
TORONTO, Sept. 7, 2021 /CNW/ - RBC Global Asset Management
Inc. ("RBC GAM Inc.") today announced that as of September 15, 2021, the following mutual funds
(collectively, the "Funds") managed by the RBC Global Equity Team
will be closed to new investors:
- RBC Global Equity Fund
- RBC Vision Global Equity Fund
- RBC Global Equity Focus Fund
- RBC Global Equity Class
- RBC Global Equity Focus Currency Neutral Fund
- RBC Global Dividend Growth Fund
- RBC Global Dividend Growth Currency Neutral Fund
- Phillips, Hager & North Global Equity Fund
- Phillips, Hager & North Overseas Equity Fund
- Phillips, Hager & North Currency-Hedged Overseas Equity
Fund
- Phillips, Hager & North Overseas Equity Class
Since their inception, the Funds have attracted significant
assets both from individual and institutional investors seeking
exposure to high quality, global firms selected based on a robust
investment process that integrates environmental, social and
governance ("ESG") analysis.
Closing these Funds to new investors will protect the RBC Global
Equity Team's ability to continue executing its investment process
within existing liquidity conditions. Current unitholders of the
Funds will continue to be able to make investments into the Funds
after they are capped to new investors.
Purchase orders by new investors will only be processed if
submitted on or before 4:00 pm ET
September 15, 2021.
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 in Canada. 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
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 88,000+ employees who
leverage their imaginations and insights to bring our vision,
values and strategy to life so we can help our clients thrive and
communities prosper. As Canada's
biggest bank, and one of the largest in the world based on market
capitalization, we have a diversified business model with a focus
on innovation and providing exceptional experiences to our 17
million clients in Canada, the
U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
About RBC Global Asset Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal
Bank of Canada (RBC) and includes
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 $580 billion in
assets and have approximately 1,500 employees located across
Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.