The Luxembourg-domiciled RBC Funds (Lux) – Asia Ex-Japan Fund will invest in equity securities of companies located in or conducting a substantial portion of their business in Asia, excluding Japan.
The fund will be sub-advised by RBC Investment Management (Asia) and managed by Mayur Nallamala, senior portfolio manager and head of Asian equities.
Nallamala, who joined the firm last year, oversees more than $1.8bn in assets at RBC GAM.
According to the investment manager, the fund gives investors exposure to the dynamic and growing economies and markets in Asia, which remains one of the fastest-growing regions in the world.
“Today’s announcement reflects the strengthened capabilities and expertise RBC GAM has added over the past several years, including the recent build-out of our investment team based in Hong Kong,” said Dan Chornous, chief investment officer.
With this launch, RBC Global AM’s offering of UCITS funds expands to 13.
Performance of the MSCI AC Asia ex-Japan index versus the category of Asia ex-Japan funds in Hong Kong and Singapore.
