TORONTO, July 28, 2015 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of RBC Emerging Markets Foreign Exchange Fund.

"At RBC Global Asset Management, we continually strive to meet the evolving needs of our clients by providing them with new and innovative investment opportunities," said Doug Coulter, president of RBC GAM Inc. "Investors and advisors are increasingly looking for well-diversified investment options and we are pleased to leverage our depth of expertise in emerging market currencies with this new fund."

RBC Emerging Markets Foreign Exchange Fund is managed by Dagmara Fijalkowski, head of Global Fixed Income and Currencies, and her team of foreign exchange and emerging market experts. The Fund provides investors with access to an award-winning management team with a unique blend of insight and experience and exposure to a portfolio of emerging market currencies.

"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," said Fijalkowski. "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 suitable for clients who are looking for low duration, income yielding investments to diversify their portfolio.

RBC Emerging Markets Foreign Exchange Fund is available to individual investors through three options: Series A; Advisor Series; and Series F (available via financial advisors).

The management fees for the Fund are as follows:

Please read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset 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. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $380 billion and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.

RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa, and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC GAM business. RBC Wealth Management has more than C$767 billion of assets under administration, more than C$481 billion of assets under management and approximately 4,100 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.

SOURCE RBC