TORONTO, Aug. 23, 2024 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced that the following mutual funds will re-open to new investors on September 3, 2024:

RBC Global Equity Fund
RBC Global Equity Focus Fund
RBC Vision Global Equity Fund
RBC Global Equity Focus Currency Neutral Fund
RBC Global Dividend Growth Fund
RBC Global Dividend Growth Currency Neutral Fund
Phillips, Hager & North Global Equity Fund
Phillips, Hager & North Overseas Equity Fund (only Series A, D, F and O)
Phillips, Hager & North Currency-Hedged Overseas Equity Fund

(collectively, the "Funds").

The Funds utilize the investment expertise of the RBC Global Equities team based in London, UK, and leverage their robust investment process that focuses on investing in high quality, global companies.

The Funds were capped to new investors on September 15, 2021. In recent months, the investment team has identified the opportunity to re-open the Funds to take advantage of a market environment that aligns with the Funds' investment criteria and approach.

RBC GAM Inc. reserves the right to cap the Funds or otherwise restrict investment into the Funds at a later date.

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, BlueBay Funds, PH&N Funds and RBC Private Pools 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

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 18 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). 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. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manage approximately $625 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.

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RBC Global Asset Management Inc. re-opens several mutual funds to new investors