"We have invested a great deal of resources and due diligence into our emerging markets strategy and we are excited to be offering it to Canadian investors," said Doug Coulter, president of RBC AM. "The new RBC Emerging Markets Fund provides investors with a low-fee emerging market investment that is a distinct concentrated portfolio of high-quality companies broadly diversified beyond the typical offerings of Brazil, Russia, India and China (‘BRIC’)."
The fund is managed by Phil Langham, senior portfolio manager and head of the Emerging Markets Team for RBC Global Asset Management. The team is based in London, England, which is considered to be the global centre of emerging markets investment management. The team takes a disciplined approach to investing in businesses in sectors with solid long-term prospects and exposure to domestic growth, such as financials and consumer-oriented companies.
"Our stock selection process focuses on high-quality companies with characteristics such as higher-than-average profitability and stronger balance sheets," added Langham. "Based on where we are in the current economic and market cycles, we believe this is a compelling time for investors seeking emerging market exposure."
The RBC Emerging Markets Fund offers some of the lowest management fees among actively managed funds in the emerging markets category in Canada (1.85 per cent for Series A and Advisor Series units, 1.00 per cent for Series D units, and 0.75 per cent for Series F units).
Please consult your advisor and read the prospectus 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 Funds are offered by RBC Asset Management Inc. and distributed through authorized dealers.