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RBC I&TS launches first Luxembourg UCITS fund for Daiwa Asset Management

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RBC Investor & Treasury Services (I&TS), part of Royal Bank of Canada, has successfully launched the first Luxembourg UCITS fund for Daiwa Asset Management, one of the largest asset management companies in Japan.

The new UCITS fund, called Daiwa Global Funds, has been established in Luxembourg, a major global centre and distribution hub for investment funds in Europe. Daiwa Global Funds consists of a series of funds investing in Asian and Japanese equities asset classes. The funds are managed by Daiwa Asset Management from its Tokyo and Singapore offices.
 
With three decades of expertise in UCITS, RBC I&TS has a long track record of supporting Asian clients to achieve their cross-border objectives. RBC I&TS is well placed to support the interest of global asset managers in UCITS fund structures, thanks to its long-established operations in the key centres of Ireland and Luxembourg, as well as RBC’s expertise in servicing global asset managers.
 
“Asian fund managers are increasingly seeking growth outside of their traditional domestic markets, and are attracted by countries like Luxembourg with its status as an international hub for globally distributed investment funds, notably UCITS,” says Andrew Gordon (pictured), Managing Director, Asia, RBC Investor & Treasury Services
 
“The Daiwa Global Funds will be supported by our centre of excellence in Luxembourg, together with our local experts based in Tokyo and Singapore,” he explains.
 
Yohan Choi, Executive Director of the Marketing Division, Daiwa Asset Management, says: “We are pleased to build on our extensive global presence with this new fund, and we value the support from our partner, RBC I&TS, to help achieve a successful launch.”
 
Daiwa Asset Management has been operating since 1959, and is the second-largest asset management company in Japan based on assets under management of publicly offered investment trusts. It manages over 600 funds of various asset classes ranging from traditional to alternative strategies.
 
Both Daiwa Asset Management and RBC (through its Global Asset Management) are signatories to the Principles for Responsible Investment and promote the practice of responsible investment as part of their ESG (environmental, social and governance) commitments.

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