RBC Global Asset Management Monday announced the launch of PH&N U.S. Multi-Style All-Cap Equity Fund.

The new fund is the first from RBC Global Asset Management to bring the U.S. equity expertise of RBC Global Asset Management (U.S.) Inc. to individual investors in Canada.

“This fund draws on the strength of our investment management capabilities in Canada and the U.S., bringing together the time-tested expertise of our U.S. equity teams in one core investment,” says John Montalbano, CEO of RBC Global Asset Management. “Initially designed as an institutional solution, the fund will also benefit individual investors seeking U.S. exposure through a diversified, multi-strategy U.S. equity fund.”

The fund is designed to provide long-term capital growth and comprises five distinct strategies: small-cap core; mid-cap value; mid-cap growth; large-cap value; and large-cap growth.

Ray Mawhinney, senior vice-president, U.S. and Global Equities at RBC Asset Management Inc., will manage the large-cap growth and mid-cap growth strategies.

From RBC Global Asset Management (U.S.) Inc., Stephen Kylander, vice president and senior portfolio manager, will manage the mid-cap value strategy; Michael Spencer, vice-president and senior portfolio manager, will manage the large-cap value strategy; and Lance James, managing director and senior portfolio manager, will manage the small-cap core strategy.

The new fund available to institutional investors through Series O and to individual investors through three low-cost fee options: Series D (available for clients who invest directly through PH&N Investment Services and discount brokerages, including RBC Direct Investing) and Series C and F (available through financial advisors).

The management fee
Among three series available to individual investors, the management fee for Series D is 1.00%. The management fees for Series C and F are 1.75% and 0.75%, respectively.

IE