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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 Global Balanced strategy represents the best ideas of the PH&N Asset Mix Committee (AMC), which is responsible for managing our suite of balanced investment strategies and setting the asset mix allocation for each strategy. The Global Balanced Strategy embodies our core approach to multi-asset investing and leverages many of RBC Global Asset Management’s (RBC GAM) fundamental capabilities across multiple asset classes.

The Global Balanced Strategy is designed using a conservative core strategy, diversified across asset classes and geographic regions. It is ideal for investors seeking simplicity of implementation from an asset manager with expertise in asset allocation.

Strategy overview

  • Aims to deliver long-term value added results
  • Diversified exposure to leading investment strategies managed by RBC GAM
  • Broad global investment universe across fixed income, equities, and private markets
  • Strategy mix is actively managed to take advantage of opportunities and manage risk
  • Benchmark: 1% FTSE Canada 30 Day TBill Index, 36% FTSE Canada Universe Bond Index, 3% Canada CPI (Non-Seasonally Adjusted) 1-month lag + 400 bps, 20% S&P/TSX Capped Composite Total Return Index, 36% MSCI World Total Return Net Index (CAD), 4% MSCI Emerging Markets Total Return Net Index.

Our approach

Investment philosophy and style

The AMC’s guiding philosophy for managing balanced mandates is founded on three principles:

  • Investments in high-quality common equities represent the best vehicle for creating wealth over the long term.
  • Wealth preservation and income objectives are best met by balancing common equity and fixed income investments.
  • The cyclical nature of markets requires the timely adjustment of the mix of equity and fixed income investments to achieve superior investment returns.

Portfolio construction

The Global Balanced Strategy invests in a well-diversified portfolio of domestic equities and fixed income, as well as global and high yield bonds, global and emerging market equities, and real estate.

The AMC is responsible for developing the strategic and tactical asset mix for our balanced strategies, and makes all of the investment decisions. Notably, the AMC does not engage in aggressive asset mix shifts in an attempt to time the market. Instead, they prefer to keep their portfolios fully invested with a long-term bias to equities. The AMC will, at times, alter the asset mix to reflect their view regarding the expected relative performance of fixed income versus equities over the next six to 18 months, but these moves tend to be kept within +/- 5% of the long-term asset mix targets. They are also disciplined about rebalancing portfolios back to their target weightings when market moves have brought them out of line.

Security selection within the underlying strategies of the Global Balanced Strategy is the responsibility of the individual specialized investment teams.

In managing fixed income assets, RBC GAM’s fixed income teams believe a multiple strategy approach is more effective than focusing on any single strategy. Just as diversification of securities is beneficial for a portfolio, they believe that diversification of strategies further improves the risk/return trade-off for a fixed income portfolio.

RBC GAM’s equity investment style is also characterized by a high degree of diversification and a discerning stock selection process, backed by in-depth research and analysis. In all regions, RBC GAM’s equity investment style focuses on high-quality, growing companies that are attractively priced.

Additional information

Inception
January 1993
Primary benchmark
See strategy overview section.
Vehicle
Canadian Investment Fund

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