Some global and international equity strategies will be closed to new investors
from September 15, 2021
TORONTO, September 7, 2021 / CNW / – RBC Global Asset Management Inc. (“RBC GAM Inc.”) announced today that on or after 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 Focused Global Equity Fund
- RBC Global Equity Class
- RBC Global Equity 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 Overseas Currency Hedged Equity Fund
- Phillips, Hager & North Overseas Equity Class
Since inception, the Funds have attracted significant assets from individual and institutional investors seeking exposure to high quality global companies selected on the basis of a robust investment process that incorporates environmental, social and governance analysis ( “ESG”).
Closing these funds to new investors will protect the ability of the RBC Global Equity team to continue to execute its investment process under existing liquidity conditions. Current unitholders of the Funds will continue to be able to invest in the Funds after they are limited to new investors.
Purchase orders from new investors will only be processed if they are submitted no later than 4 p.m. ET September 15, 2021.
Please consult your advisor and read the prospectus or fund facts before investing. Commissions, trailing commissions, management fees and expenses may be associated with investing in mutual funds. 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.
Royal Bank of Canada is a global financial institution with a goal-oriented and principle-driven approach to delivering world-class performance. Our success comes from the more than 88,000 employees who use their imaginations and ideas to bring our vision, values and strategy to life so that we can help our customers thrive and communities thrive. As from Canada largest bank and one of the largest in the world by market capitalization, we have a diverse business model driven by innovation and delivering exceptional experiences to our 17 million customers across Canada, the United States and 27 other countries. Learn more about rbc.com.
We are proud to support a wide range of community initiatives through donations, community investments and employee volunteer activities. See how to rbc.com/communauté-impact-social.
About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management arm of Royal Bank of Canada (RBC) and includes fund 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 retail investors through segregated accounts, mutual funds, mutual funds, hedge funds, exchange traded funds and specialized investment strategies. The RBC GAM group of companies manages approximately $ 580 billion assets and has around 1,500 employees spread across Canada, United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.
For further information: Jean François Thibault, RBC GMA Corporate Communications, 416-564-0383, [email protected]