Toronto-based RBC Global Asset Management Inc. (RBC GAM) announced the launch of the RBC Emerging Markets Foreign Exchange Fund on Tuesday.
The firm describes the fund as being suitable for clients looking for low duration and income-yielding investments that will diversify a portfolio. Dagmara Fijalkowski, head of global fixed-income and currencies for RBC GAM, is managing the fund.
“Many investors are looking for exposure to emerging markets, but do not have the risk appetite for emerging-market equities or emerging-market local-currency debt,” says Fijalkowski in a statement. “We are pleased to offer a solution with an attractive yield and low duration, offering investors another tool for diversification when interest rates begin to rise.”
RBC Emerging Markets Foreign Exchange Fund is available to individual investors through three options: Series A, which comes with a management fee of 1.5%; Advisor Series, which also has a management fee of 1.5%; and Series F, whose management fee is 0.75%.