TORONTO, Oct. 20, 2017 /CNW/ - RBC Global Asset
Management Inc. (RBC GAM Inc.) today announced changes to the risk
rating of certain corporate class funds. These changes will be
reflected in the renewal of the simplified prospectus for the funds
and will be effective October 25,
2017.
RBC GAM Inc. reviews the risk rating for each fund at a minimum
on an annual basis, as well as when a fund undergoes a material
change. The changes announced today are the result of an annual
review and are not a result of any change to the investment
objectives, strategies or management of the funds. The changes are
consistent with the new methodology mandated by the Canadian
Securities Administrators to determine risk level of mutual
funds.
Risk rating changes
|
Funds
|
Current
|
New
|
|
BlueBay Global
Convertible Bond Class (Canada)
|
Medium
|
Low to
medium
|
|
BlueBay $U.S. Global
Convertible Bond Class (Canada)
|
Medium
|
Low to
medium
|
|
RBC QUBE Low
Volatility Canadian Equity Class
|
Medium
|
Low to
medium
|
|
RBC North American
Value Class
|
Medium
|
Low to
medium
|
|
RBC QUBE Low
Volatility U.S. Equity Class
|
Medium
|
Low to
medium
|
|
RBC QUBE Low
Volatility Global Equity Class
|
Medium
|
Low to
medium
|
|
RBC Canadian Mid-Cap
Equity Class
|
Medium to
high
|
Medium
|
|
RBC Emerging Markets
Equity Class
|
High
|
Medium to
high
|
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
Corporate Class 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 more than C$400 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management Inc.