RBC Global Asset Management (RBC GAM) has added the RBC Funds (Lux) – Asia Ex-Japan Fund to its Luxembourg-domiciled SICAV range.
The new fund is sub-advised by RBC Investment Management (Asia) Limited and managed by Mayur Nallamala, senior portfolio manager and head of Asian equities, RBC GAM in Hong Kong.
“Today’s announcement reflects the strengthened capabilities and expertise RBC GAM has added over the past several years, including the recent build-out of our investment team based in Hong Kong,” says Dan Chornous, chief investment officer, RBC GAM. “We are pleased to bring the expertise of Mayur Nallamala and his team to investors around the world.”
The fund will give investors exposure to the dynamic and growing economies and markets in Asia, which remains one of the fastest-growing regions in the world. The fund aims to provide long-term capital appreciation by investing in equity securities of companies located in or conducting a substantial portion of their business in Asia, excluding Japan.
Nallamala, who joined RBC from JP Morgan Asset Management last year, oversees more than USD1.8 billion in assets at RBC GAM (as at 30 June 2014) and has previously managed USD4 billion in Asia Pacific ex-Japan mandates for sovereign wealth, institutional and retail clients around the world.