RBC launches 5 global portfolios

Toronto-based RBC Global Asset Management Inc. (RBC GAM) announced on Monday the launch of RBC Global Portfolios, which are designed to minimize home-country bias.

The portfolios consist of mutual funds actively managed by RBC GAM, BlueBay Asset Management LLP and RBC iShares ETFs, and come in five options, ranging from “very conservative” to “all-equity.”

Holdings of Canadian equities are minimal throughout the portfolio lineup, ranging from 0.4% to 1.4%.

“Canadians are becoming increasingly aware of how concentrated their investments are in Canada,” Doug Coulter, president of RBC GAM, said in a release. “They have been asking for more global investment options to diversify their holdings, and RBC Global Portfolios is our answer, building on RBC GAM’s 30-plus years of managing portfolio solutions.”

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