RBC Global Asset Management Inc. (RBC GAM) Tuesday announced that effective mid-August, portfolio management responsibilities for Phillips, Hager & North Overseas Equity Fund, Phillips, Hager & North Overseas Equity Pension Trust, Phillips, Hager & North Global Equity Fund, and Phillips, Hager & North Community Values Global Equity Fund will transition to RBC Global Asset Management (UK) Limited (RBC GAM-UK) in London.
RBC GAM-UK specializes in global, European and emerging market equities, as well as global and emerging markets fixed income. In total, the London office currently comprises 45 investment professionals and staff and has approximately $7.4 billion in assets under management.
RBC GAM is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management.