RBC Global Asset Management (GAM US) has rolled out a new specialty fixed income mutual fund, BlueBay Absolute Return Fund, for institutional and high-net-worth investors in the country.
The newly launched fund has been sub-advised by BlueBay Asset Management, a specialist fixed income and alternative asset manager.
BlueBay Asset Management investment grade fixed income co-head and RBC BlueBay Absolute Return Fund senior portfolio manager Mark Dowding said the new offering provides globally diversified fixed income exposure and greater risk-adjusted returns.
Designed to benefit from rising or falling government yield and credit spread environments, the fund invests in global interest rates, sovereign and non-sovereign credit as well as across currencies, utilizing cash and derivative securities.
Managing over $270bn is assets and nearly 1,000 staff, RBC GAM provides exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies, across Canada, the US, Europe and Asia.