RBC Global Asset Management Inc. appoints new sub-advisor for RBC Private Overseas Equity Pool

TORONTO, May 25, 2021 /CNW/ – RBC Global Asset Management Inc. («RBC GAM Inc.») today announced that Lazard Asset Management LLC…

TORONTO, May 25, 2021 /CNW/ – RBC Global Asset Management Inc. («RBC GAM Inc.») today announced that Lazard Asset Management LLC has been appointed as sub-advisor of RBC Private Overseas Equity Pool effective June 7, 2021.

Lazard Asset Management («LAM») operates from 24 cities across 17 countries with a global staff of over 800. As of March 31, 2021, LAM and affiliated asset management companies in the Lazard Group managed US $264.9 billion worth of client assets across a range of equity, fixed-income and alternative investment products worldwide.

Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, RBC Private Pools, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc. and distributed through authorized dealers in Canada. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.

About RBC

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About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $540 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.