RBC GAM launches BlueBay bond fund

RBC Global Asset Management has launched a BlueBay Global Convertible Bond Fund, which will be sub-advised by BlueBay Asset Management.

Read: RBC brings home UK’s BlueBay Fund

The fund is available to individual and institutional investors across Canada.

“We’ve seen a lot of risk aversion in the market due to ongoing volatility,” says Doug Coulter, president of RBC GAM. “As a result, we’re offering additional choices to investors who are seeking to combine the security of bonds with the upside potential of equities.”

The BlueBay bond fund invests primarily in global convertible bonds, which tend to have low correlations to other bonds in a rising rate environment. It’s appropriate for investors seeking a combination of current income and capital growth potential, as well as for those who want to diversify the fixed-income portion of their overall portfolio.

Investors should have a long-term investment horizon and should be able to tolerate a medium level of investment risk.

The new fund is available to individual investors through six options: Series A; Advisor Series; Series H; Series F and Series I (available via financial advisors); and Series D (available via direct-to-client platforms, PH&N Investment Services and RBC Direct Investing).

The management fee for each fund series is outlined in the table below.

Read: Market bets on bond funds (2009)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.