RBC Global Asset Management (RBC GAM), the asset management arm of Royal Bank of Canada, has announced the addition of the RBC funds (Lux) – Emerging Markets Value Equity fund, RBC funds (Lux) – Emerging Markets Small Cap Equity fund and RBC funds (Lux) – European Equity Focus Fund to its Luxembourg-domiciled Sicav range, RBC funds (Lux).
The new sub-funds are sub-advised by RBC Global Asset Management (UK) Limited and are managed by the asset manager’s London-based investment teams.
The RBC Funds (Lux) –Emerging Markets Value Equity fund is managed by Laurence Bensafi, deputy head Emerging Market Equities & senior portfolio manager. The sub-fund will provide investors exposure to a diversified portfolio of emerging market value stocks with an emphasis on well-managed dividend paying companies.
RBC Funds (Lux) – Emerging Markets Small Cap Equity is managed by Philippe Langham, head of Emerging Market Equities & senior portfolio manager. The sub-fund will give clients access to the growth potential of small-cap emerging market companies that are closely tied to the growing domestic demand trends within emerging markets.
RBC Funds (Lux) – European Equity Focus fund is managed by Dominic Wallington, senior portfolio manager & Chief Investment Officer, RBC Global Asset Management (UK) Limited and David Lambert, senior portfolio manager. The sub-fund will take a high conviction approach to accessing some of the world’s best-known and most successful companies based in Europe.
“RBC Global Asset Management’s London-based emerging markets and European equity teams provide us with an exciting opportunity to create value for our clients,” said Dan Chornous, Chief Investment Officer, RBC Global Asset Management Inc. “We are pleased to bring the expertise of these teams to investors around the world by broadening our range of SICAV solutions.”
In combination with the existing RBC Funds (Lux) – Emerging Market Equity Fund, which recently surpassed $100m in assets under management, the two new emerging market sub-funds added today provide investors with a range of choices with which they can build a well-diversified emerging market equity allocation within their portfolio, the company reported.
The funds launch brings RBC GAM’s offering of RBC Funds (Lux) sub-funds to 16.