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

Strategy overview

The US Core 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

October 1994
Primary benchmark
FTSE 3-month T-Bill
Separate Account, US Mutual Fund

Related documents

Portfolio managers

Investment team

BlueBay Fixed Income team

Fixed income specialist providing progressive investment solutions

Connect with our team to learn more

Contact us

body content

Accept Decline