TORONTO, Jan. 25, 2016 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the expansion of its global line-up of funds with the launch of RBC Global Growth & Income Fund. The Fund is a diversified global balanced fund that combines the award-winning^† capabilities of RBC Global Asset Management and BlueBay Asset Management in a single portfolio.

The Global Growth & Income Fund provides investors access to the capabilities and expertise of multiple teams, comprising over 50 investment professionals in Canada, the U.S. and Europe. Each team specializes in certain areas of the market; collectively, this structure provides access to multiple sources of growth and income opportunities, including global and emerging market equities, investment-grade government and corporate bonds, high-yield and convertible bonds, emerging-market debt and foreign currencies.

"We are pleased to offer an investment solution that can uncover opportunities for both growth and income, wherever they are to be found, and also allows for greater flexibility in managing risk," said Doug Coulter, President of RBC GAM Inc. "RBC Global Growth & Income Fund provides investors and advisors access to diverse opportunities around the world, delivering global markets in one distinct solution."

The Fund is appropriate for investors who are planning to invest for the medium to long term and are seeking a core global balanced fund that combines capital growth and income potential, while accepting some fluctuations in the value of their investment.

RBC Global Growth & Income Fund is available to individual investors through six options: Series A; Advisor Series; Advisor T5 Series; Series T5; Series F and Series FT5 (available via financial advisors).

The management fees for the Fund are outlined in the table below.

The Fund is also available to institutional investors through Series O.

RBC Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Please read the prospectus or Fund Facts document 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 GAM 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 globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. 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$749 billion of assets under administration, more than C$492 billion of assets under management and approximately 3,954 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2015. 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.

† Lipper Canada Best Bond Funds Group 2015 and Best Overall Funds Group 2014. The Lipper Awards were based on best risk-adjusted performance for periods ended July 31, 2014 and 2015, respectively. Lipper Inc. is a Thomson Reuters company.

SOURCE RBC