You are currently viewing the United States website Institutional website. You can change your location here or visit other RBC GAM websites.

Welcome to the RBC Global Asset Management site for Institutional Investors

In order to proceed to the site, please accept our Terms & Conditions.

This RBC Global Asset Management (U.S.) Website is intended for institutional investors only.

For purposes of this Website, the term "Institutional" includes but is not limited to sophisticated non-retail investors such as investment companies, banks, insurance companies, investment advisers, plan sponsors, endowments, government entities, high net worth individuals and those acting on behalf of institutional investors. The Website contains information, material and content about RBC Global Asset Management (collectively, the “Information”).

The Website and the Information are provided for information purposes only and do not constitute an offer, solicitation or invitation to buy or sell a security, any other product or service, or to participate in any particular trading strategy. The Website and the Information are not directed at or intended for use by any person resident or located in any jurisdiction where (1) the distribution of such information or functionality is contrary to the laws of such jurisdiction or (2) such distribution is prohibited without obtaining the necessary licenses and such authorizations have not been obtained. Investment strategies may not be eligible for sale or available to residents of certain countries or certain categories of investors.

The Information is provided without regard to the specific investment objectives, financial situation or particular needs of any specific recipient and does not constitute investment, tax, accounting or legal advice. Recipients are strongly advised to make an independent review with an investment professional and reach their own conclusions regarding the investment merits and risks, legal, credit, tax and accounting aspects of any transactions.

Accept Decline
.adjust{ background-color: #fff } .adjust:hover{ background-color:#51B5E0; color: #003168 } #pinned-nav.nav-sticky:before { transform: scaleX(1); } #pinned-nav:before { content: ""; position: absolute; z-index: -1; left: 0; bottom: 0; width: 100%; height: 100%; transform: scaleX(0); background-color: #003168; transition: 0.25s ease-in-out; } #ri-nav-mob #ri-nav-mobButtonTrigger { align-items: center; justify-content: space-between; } .expandable-content-wrapper{ margin-top: 0 !important; } .expandable-arrow:before { color: white; } #ri-nav-mobButtonTrigger { outline: none; } #ri-nav-mob { background-color: #003168; padding-left: 30px; padding-right: 30px; display: none; z-index:99 } .mob-nav-item { list-style: none; padding-top: 15px; padding-bottom: 15px; } .mob-nav-link { color: white; } #pinned-nav, #pinned-nav-mob { position: sticky; top: 54px; z-index:99 } #ri-nav { background-color: #003168; } .rbc-pinned { } #pinned-nav { height: auto; } .rbc-nav-bar-link { color: #fff; font-size: 14px; } { border-bottom: solid 10px #EDF7FC; } .rbc-nav-bar-item { padding-top: 25px; padding-bottom: 25px; margin: 0; auto; text-align: center; } ul.rbc-nav-bar-items { padding-left: 0px; } .rbc-nav-bar-link:hover { color: #fff; text-decoration: none; border-bottom: 0; } .rbc-nav-bar-link:focus { outline: none; } #ri-nav .rbc-nav-bar-items { display: grid; grid-template-columns: 370px repeat(auto-fit, minmax(100px, 1fr)); grid-gap: 15px; list-style-type: none; } @media only screen and (max-width: 1199px) { #ri-nav .rbc-nav-bar-items { grid-template-columns: repeat(auto-fit, minmax(200px, 1fr)); } #ri-nav { display: none; } #ri-nav-mob { display: block; } } $(function () { $(document).scroll(function () { if ($(this).scrollTop() > 402) { $("#pinned-nav").addClass("nav-sticky"); $("#pinned-nav").removeClass("rbc-pinned"); $("#pinned-nav-mob").addClass("nav-sticky"); } else { $("#pinned-nav").removeClass("nav-sticky"); $("#pinned-nav").addClass("rbc-pinned"); $("#pinned-nav-mob").removeClass("nav-sticky"); } }); });

What’s next – 2023 and beyond

#rbc41 { background-color: #EDF7FC; } #rbc41::before { background-color: #EDF7FC; }

Increased scrutiny of ESG and impact strategies by both regulatory bodies and the public at large continued throughout 2022. The scrutiny has been warranted in many cases, with regulators finding that several advisors were guilty of misstating or omitting information about ESG investment considerations for certain strategies. Tackling the problem of greenwashing and the like should be a high priority in our opinion and we welcome improved clarity around standards and disclosures.

On the flip side, however, there has been deep politicization of responsible investing strategies with many factions attacking the merits of any and all strategies, regardless of facts. This has created a fair amount of polarization in the investment community and unfortunately, we expect that to continue throughout 2023. Stronger regulations around investment strategy naming conventions as well as clearly defined expectations for ESG and Impact reporting should help alleviate some of this, but it will take time for those rules to be implemented and adopted, and for the implications of these changes to be felt by end investors.

2023 should bring with it a more attractive environment for fixed income investors with higher current interest rates creating opportunity for more lucrative returns.

Lastly, while the Fed’s efforts to curb inflation in 2022 were painful for many investors, 2023 should bring with it a more attractive environment for fixed income investors with higher current interest rates creating opportunity for more lucrative returns. That said, with volatility and uncertainty elevated (not to mention a potential recession on the horizon) caution and careful investment selection is of key importance. We believe security selection will be paramount as potentially weakening fundamentals will warrant caution. Investors who can adequately implement that careful approach while also meaningfully addressing social and environmental concerns should be well positioned as we move forward. We are grateful for the opportunity to serve our clients in meeting their impact investing goals over the past 25 years and we look forward to continuing to do so in the years to come.

In the news

To learn more about RBC Global Asset Management - Institutional Commitments.


Meet the team

Brian Svendahl, CFA

Senior Portfolio Manager, U.S. Fixed Income

Ronald A. Homer

Chief Strategist, US Impact Investing

Mindy Frye

Institutional Portfolio Manager

Raye C. Kanzenbach, CFA

Senior Portfolio Manager, U.S. Fixed Income

Eric Hathaway, CFA

Senior Portfolio Manager, U.S. Fixed Income

Teri Savage

Senior Trader, U.S. Fixed Income

Valinie A. Dayaljee

Assistant Portfolio Manager

Karen Ly

Analyst, U.S. Fixed Income

Ao Vang

Client Service Analyst

.title{ font-size: 12px } a{ color: #003168; } .contact{ text-align: center; margin: auto; } .right{ text-align: right; color: #003168; } .left{ text-align: left; color: #003168; } td{ border-bottom: solid 0.5px #000; padding: 20px 30px 10px 0 } td:nth-child(even){ padding-right: 0; } let container = document.querySelector('.tab-nav'); container.classList.add("container"); .link-color { color: #006ac3; } .ri-footer { } .ri-footer .icon-wrapper { padding: 0 5px } .ri-next, .ri-last { display: flex; align-items: center; } @media (max-width: 768px) { .ri-footer { flex-direction: column !important }


This content is provided by RBC Global Asset Management (RBC GAM) for informational purposes only and may not be reproduced, distributed or published without the written consent of RBC GAM or its affiliated entities listed herein. This document does not constitute an offer or a solicitation to buy or to sell any security, product or service in any jurisdiction; nor is it intended to provide investment, financial, legal, accounting, tax, or other advice and such information should not be relied or acted upon for providing such advice. This document is not available for distribution to investors in jurisdictions where such distribution would be prohibited.

RBC GAM is the asset management division of Royal Bank of Canada (RBC) which includes RBC Global Asset Management Inc., RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management (UK) Limited and RBC Global Asset Management (Asia) Limited, which are separate, but affiliated subsidiaries of RBC.

This content has not been reviewed by, and is not registered with any securities or other regulatory authority, and may, where appropriate and permissible, be distributed by the above-listed entities in their respective jurisdictions.

Any investment and economic outlook information contained in this document has been compiled by RBC GAM from various sources. Information obtained from third parties is believed to be reliable, but no representation or warranty, express or implied, is made by RBC GAM, its affiliates or any other person as to its accuracy, completeness or correctness. RBC GAM and its affiliates assume no responsibility for any errors or omissions in such information.

Opinions contained herein reflect the judgment and thought leadership of RBC GAM and are subject to change at any time. Such opinions are for informational purposes only and are not intended to be investment or financial advice and should not be relied or acted upon for providing such advice. RBC GAM does not undertake any obligation or responsibility to update such opinions.

RBC GAM reserves the right at any time and without notice to change, amend or cease publication of this information.

Past performance is not indicative of future results. With all investments there is a risk of loss of all or a portion of the amount invested. Where return estimates are shown, these are provided for illustrative purposes only and should not be construed as a prediction of returns; actual returns may be higher or lower than those shown and may vary substantially, especially over shorter time periods. It is not possible to invest directly in an index.

Some of the statements contained within may be considered forward-looking statements which provide current expectations or forecasts of future results or events. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Do not place undue reliance on these statements because actual results or events may differ materially from those described in such forward-looking statements as a result of various factors. Before making any investment decisions, we encourage you to consider all relevant factors carefully.

® / TM Trademark(s) of Royal Bank of Canada. Used under licence.

© RBC Global Asset Management Inc., 2023