RBC Global launches BlueBay $U.S. Global Convertible Bond Fund

By Toni Weeks

San Luis Obispo, Calif., April 20 – RBC Global Asset Management Inc. announced in a press release the launch of the BlueBay $U.S. Global Convertible Bond Fund (Canada).

The fund, a fully hedged, U.S. dollar version of the BlueBay Global Convertible Bond Fund (Canada), which was launched in November 2012 and has grown to over $1.2 billion in assets under management, is appropriate for investors who seek exposure to a portfolio of global convertible bonds, a combination of current income and capital growth potential and new U.S. dollar options for their investments.

The fund offers series A, advisor series, series F, series H and series I shares.

The management fee is 2.15% for series A and advisor series, 1.3% for series F, 1.86% for series H and 1.02% for series I shares. Series F shares are available via financial advisors, and series H and I are available to high-net-worth investors with a minimum investment of C$200,000.

RBC Global is also launching the RBC Balanced Growth & Income Fund. Both new funds are also available to institutional investors through series O.

RBC Global Asset Management, based in Toronto, is the asset management division of Royal Bank of Canada and part of RBC Wealth Management.

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