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Welcome to the RBC Global Asset Management site for Institutional Investors

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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”).

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Strategy overview

The RBC US Cash Management strategy seeks superior returns on both an absolute and risk-adjusted basis. Principal preservation is emphasized and our robust internal credit review process focuses foremost on safety. The strategy emphasizes high quality short duration fixed income investments that are not constrained by 2A-7 eligibility requirements providing a significant yield advantage versus traditional cash products.

  • Duration Range: 0-270 days
  • Maturity Range: 0-13 months
  • Investment Universe: US Treasury, Agency, bank deposits and acceptances, short-term corporate obligations, short-term municipal obligation
  • Credit Quality: AAA, fully customizable

Our approach

Investment process

We believe the essential role of cash management is to control and manage risk. Our investment objectives are safety, liquidity, and yield—in that order of importance. We endeavor to deliver superior absolute and risk-adjusted returns in the long term. We actively manage portfolios within our risk management framework to protect principal while providing appropriate liquidity and value-added returns. We emphasize income as the primary source of returns by constructing broadly diversified portfolios with targeted duration and by using an extensive credit review and valuation process for security selection.

  • Thorough understanding of the issuer, credit and debt structure
  • Focus on security selection and curve exposure while actively managing duration, call and extension risk
  • Invest in out-of-benchmark sectors when expected return justifies the opportunity
  • Avoid making large duration calls

Additional information

Inception
October 1994
Primary benchmark
ICE BofA US 3-Month T-Bill
Vehicle
Separate Account, US 40-Act Fund

Portfolio managers

Investment team

U.S. Fixed Income team

Employs a fundamental investment process to construct diversified, customizable portfolios of high quality fixed income securities

Connect with our team to learn more

Contact us

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