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 RBCRoyal 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.