RBC Asset Management (RBC AM) has launched new emerging markets fund for Canadian investors, who are seeking global diversification and access to emerging market opportunities.
The fund will be managed by Phil Langham, senior portfolio manager and head of the emerging markets team for RBC Global Asset Management. The team will be based in London, England, which is considered to be the global centre of emerging markets investment management. The team takes an approach to investing in businesses in sectors with solid long-term prospects and exposure to domestic growth, such as financials and consumer-oriented companies.
Doug Coulter, president of RBC AM, said: “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. 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).”
Mr Langham said: “Our stock selection process focuses on high-quality companies with characteristics such as higher-than-average profitability and stronger balance sheets. 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.”