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Welcome to the RBC Global Asset Management site for Institutional Investors
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Please read the following terms and conditions carefully. By accessing rbcgam.com and any pages thereof (the "site"), you agree to be bound by these terms and conditions as well as any future revisions RBC Global Asset Management Inc. ("RBC GAM Inc.") may make in its discretion. If you do not agree to the terms and conditions below, do not access this website, or any pages thereof. Phillips, Hager & North Investment Management is a division of RBC GAM Inc. PH&N Institutional is the institutional business division of RBC GAM Inc.

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Products and services of RBC GAM Inc. are only offered in jurisdictions where they may be lawfully offered for sale. The contents of this site do not constitute an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.

No information included on this site is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any product or service. The amount of risk associated with any particular investment depends largely on the investor's own circumstances.

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The material on this site has been provided by RBC GAM Inc. for information purposes only and may not be reproduced, distributed or published without the written consent of RBC GAM Inc. It is for general information only and is not, nor does it purport to be, a complete description of the investment solutions and strategies offered by RBC GAM Inc., including RBC Funds, RBC Private Pools, PH&N Funds, RBC Corporate Class Funds and RBC ETFs (the "Funds"). If there is an inconsistency between this document and the respective offering documents, the provisions of the respective offering documents shall prevail.

RBC GAM Inc. takes reasonable steps to provide up-to-date, accurate and reliable information, and believes the information to be so when published. Information obtained from third parties is believed to be reliable, but no representation or warranty, express or implied, is made by RBC GAM Inc., its affiliates or any other person as to its accuracy, completeness, reliability or correctness. RBC GAM Inc. assumes no responsibility for any errors or omissions in such information. The views and opinions expressed herein are those of RBC GAM Inc. and are subject to change without notice.

About Our Funds

The Funds are offered by RBC GAM Inc. and distributed through authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with the Funds. Please read the offering materials for a particular fund before investing. The performance data provided are historical returns, they are not intended to reflect future values of any of the funds or returns on investment in these funds. Further, the performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. The unit values of non-money market funds change frequently. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment in the fund will be returned to you. Mutual fund securities are not guaranteed by the Canada Deposit Insurance Corporation or by any other government deposit insurer. Past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns.

About RBC Global Asset Management

RBC Global Asset Management is the asset management division of Royal Bank of Canada ("RBC") which includes the following affiliates around the world, all indirect subsidiaries of RBC: RBC GAM Inc. (including Phillips, Hager & North Investment Management and PH&N Institutional), RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management (UK) Limited, RBC Investment Management (Asia) Limited, BlueBay Asset Management LLP, and BlueBay Asset Management USA LLC.

Forward-Looking Statements

This website may contain forward-looking statements about general economic factors which are not guarantees of future performance. Forward-looking statements involve inherent risk and uncertainties, so it is possible that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution you not to place undue reliance on these statements as a number of important factors could cause actual events or results to differ materially from those expressed or implied in any forward-looking statement. All opinions in forward-looking statements are subject to change without notice and are provided in good faith but without legal responsibility.

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The Multi-Strategy Alternatives strategy seeks to generate positive absolute returns with moderate risk of annual drawdown and moderate correlation to traditional asset classes. The strategy aims to achieve this objective through exposure to a strategic mix of RBC GAM alternative, absolute return, and other investment strategies.

The strategy is diversified among several alpha sources, currently including North America Multi-Strategy, Market Neutral Equity, Long/Short Investment Grade Credit, Event Driven Credit, Global Sovereign Rates and Currencies, High Yield Mortgages, and Direct Core Canadian Real Estate. The strategy mix is managed to best position the strategy to meet its investment objectives. Overall strategy mix is actively managed by the portfolio manager overseen by the RBC GAM Alternative Investment Committee, and reflects its market outlook regarding relevant opportunities and risks.

Strategy overview

  • Targets absolute returns with moderate level of volatility
  • Diversified exposure to leading alternative investment strategies managed by RBC GAM
  • Broad investment universe across global fixed income, equities, and select private markets
  • Strategy mix is actively managed to take advantage of opportunities and manage risk
  • The strategy strives to outperform its benchmark by 3-5% over a full market cycle

Our approach

Investment philosophy and style

  • Focus on delivering consistent absolute returns through market cycles
  • Diversification across markets and strategies helps improve return consistency and manage risk
  • The strategy mix is actively managed to take advantage of market opportunities
  • Underlying strategy transparency is key to understanding and managing portfolio risks

Investment process

  • Leverage our global insights to identify expected performance drivers, opportunities, and risks
  • Identify strategies best positioned to capitalize on opportunities
  • Set a strategy mix that best positions the strategy to meet its investment objectives
  • Regularly re-assess the mix to ensure alignment with investment objectives and opportunities
  • Proactive risk management through review of individual and aggregated risk exposures

Portfolio construction

  • Typically invested in 5-10 investment strategies
  • Maximum single strategy weight is capped at 40%
  • Strategy mix is managed using quantitative and qualitative tools
  • Each strategy is weighted based on the strength of conviction and outlook for the strategy, as well as its expected return and risk contribution to the overall strategy over the short, medium, and long term

Additional information

Inception
September 2013
Primary benchmark
FTSE Canada 91 Day T-Bill Index
Vehicle
Canadian Investment Fund

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