RBC Global Asset Management has launched the RBC BlueBay Core Plus Bond Fund and RBC BlueBay Strategic Income Fund for US institutional and intermediary investors.
The RBC BlueBay Core Plus Bond Fund and RBC BlueBay Strategic Income Fund are the two latest funds to be offered as part of BlueBay’s global fixed income investment platform, which comprises approximately 132 investment professionals managing in excess of USD127 billion in assets under management (AUM) across all areas of the global fixed income markets.
These two funds will be actively managed by Andrzej Skiba, Head of US Fixed Income at RBC GAM; Brian Svendahl, Senior Portfolio Manager at RBC GAM; and Brandon Swensen, Senior Portfolio Manager at RBC GAM. Both funds fully integrate environmental, social, and governance (ESG) principles into their investment process.
The RBC BlueBay Core Plus Bond Fund invests primarily in US domestic investment grade bonds and seeks to provide a consistent level of total return through a diversified portfolio of bonds primarily denominated in US dollars. The Fund will be managed relative to the Bloomberg US Aggregate Bond Index.
The RBC BlueBay Strategic Income Fund invests primarily in US domestic investment grade bonds, but will be allowed to invest flexibly across sectors, including non-US and non-investment grade securities, and will use exchange-traded derivatives to manage interest rate risk as well. This Fund seeks to maximise total return through a flexible fixed income strategy that is not managed to a benchmark and has broad latitude to manage sector, currency and duration exposure.
“We are very excited to launch these two new US fixed income strategies and further expand the breadth of our fixed income platform in the US market,” says Andrzej Skiba, Head of US Fixed Income at RBC Global Asset Management. “These two new funds draw on the expertise of our US fixed income team in Stamford and Minneapolis and they aim to deliver best-in-class outcomes to our clients.”
