Finance
RBC Global Asset Management Launches New Suite of Five Global Portfolios Designed to Address Home Country Bias
RBC Global Portfolios provide Canadian investors access to global equity and global fixed income markets through RBC GAM’s 22 global investment teams
RBC Global Asset Management Inc. (“RBC GAM Inc.”) announced the launch of RBC Global Portfolios, an efficient and cost-effective way for investors to diversify beyond their Canadian holdings in a single portfolio that is aligned to their risk and return profile.
On average, Canadians have approximately 90%1 of their wealth tied to Canada. To address this home country bias, RBC GAM Inc. is introducing RBC Global Portfolios, which are actively managed, tactically rebalanced and leverage the deep investment expertise of RBC Global Asset Management’s (“RBC GAM”) global investment teams. RBC Global Portfolios are comprised of mutual funds managed by RBC GAM Inc. (including Phillips, Hager & North Investment Management), BlueBay Asset Management LLP, and RBC iShares ETFs.
RBC Global Portfolios build on RBC GAM’s extensive experience in managing portfolio solutions. Using a robust suite of funds that are managed by local teams in global markets, they offer investors a simple solution for their global investing needs.
“RBC Global Asset Management has strategically expanded our global equity and global fixed income capabilities by attracting top talent,” said Doug Coulter, President of RBC GAM Inc. “RBC Global Portfolios bring together the unique strength and expertise of our 22 investment teams located around the world, and RBC iShares ETFs, to provide clients the global solutions they are looking for.”
To accommodate the risk and return profiles of investors, five options are available, ranging from very conservative to all-equity. The full RBC Global Portfolios suite includes:
| Asset Class | RBC Global Very Conservative Portfolio | RBC Global Conservative Portfolio | RBC Global Balanced Portfolio | RBC Global Growth Portfolio | RBC Global All-Equity Portfolio |
| Cash |
1.0% |
1.0% |
1.0% |
1.0% |
2.0% |
| Global Bonds |
74.0% |
59.0% |
39.0% |
24.0% |
0.0% |
| Canadian Equity |
0.4% |
0.6% |
0.9% |
1.1% |
1.4% |
| US Equity |
12.2% |
19.7% |
29.5% |
36.9% |
48.3% |
| International Equity |
9.4% |
15.0% |
22.5% |
28.1% |
36.7% |
| Emerging Markets Equity |
3.0% |
4.7% |
7.1% |
8.9% |
11.6% |
| Management Fee (Series A) |
1.45% |
1.45% |
1.70% |
1.70% |
1.70% |
| Management Fee (Series F) |
0.70% |
0.70% |
0.70% |
0.70% |
0.70% |
The Funds are also offered in Series O.
“Canadians are becoming increasingly aware of how concentrated their investments are in Canada,” said Coulter. “They have been asking for more global investment options to diversify their holdings, and RBC Global Portfolios is our answer, building on RBC GAM’s thirty plus years of managing portfolio solutions.”
More information about RBC Global Portfolios can be found at www.rbcgam.com/global.
Source: RBC
