RBC Global Asset Management Inc. has announced the launch of RBC Fixed Income Pools, which it says is an efficient and cost-effective way to invest in fixed-income markets around the world.
RBC Fixed Income Pools are actively managed and leverage the investment capabilities and expertise from the fixed-income teams at RBC Global Asset Management, Phillips, Hager & North Investment Management and BlueBay Asset Management.
“RBC Global Asset Management has earned a reputation as a leader in fixed-income investment solutions,” said Doug Coulter, president of RBC GAM Inc. “With the new RBC Fixed Income Pools, Canadian investors will be able to draw on the deep experience and knowledge from our teams of specialists across RBC Global Asset Management with three low-risk solution options that provide strong diversification and attractive yields.”
To accommodate the risk and reward preferences of individual investors, there are three pools available. The pools are offered in Series F and have a management fee of 0.40%. They are available to investors through full-service investment dealers.
Pools emphasize different assets
RBC Conservative Bond Pool has an emphasis on shorter-term investment grade Canadian bonds and modest amounts of diversified global investment grade, high yield, emerging market debt and emerging market currencies.
RBC Core Bond Pool has a focus on core global investment grade bonds and higher-yielding assets.
RBC Core Plus Bond Pool has increased exposure to core global bonds, high-yield corporate bonds, convertibles and emerging market currencies, corporate and sovereign debt.
The construction of each RBC Fixed Income pool starts with investments in Canadian investment grade bonds. Allocations to global government, corporate, high yield and emerging market bonds are then added to enhance yield and diversify risk. For added diversification, each Pool includes an allocation to emerging market currencies – a unique zero-duration, high-yield asset class – and developed-market currencies such as the U.S. dollar. Each investment in the pool is managed, monitored and tactically adjusted to adapt to current and expected market conditions.