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Welcome to the RBC Global Asset Management site for Institutional Investors



IN ORDER TO PROCEED TO THE SITE, PLEASE ACCEPT OUR TERMS & CONDITIONS.



Please read the following terms and conditions (the “Terms”) carefully. By
accessing rbcgam.lu or rbcgam.com and any pages thereof (together, the “Site”),
you agree to be bound by and comply with the Terms as well as any future
revisions RBC Global Asset Management (UK) Limited (“RBC GAM UK”) and its
affiliates (together, “RBC GAM” or “we”) may make in its discretion. If you do
not agree to the Terms, do not access the Site.


ACCESS

You are accessing RBC GAM’s network pursuant to these Terms and any existing
agreement you may have with us.

Not all products or services provided on this Site are available in all
jurisdictions. Products and services of RBC GAM are only available in
jurisdictions where it is lawful to offer these products and services. The
information, material and content on the Site (the “Information”) has been
prepared for informational purposes only without regard to any particular user’s
investment objectives or financial position and RBC GAM is not soliciting any
action based upon them.


NOTE TO UK/EUROPEAN INVESTORS

RBC GAM UK is authorized and regulated by the Financial Conduct Authority (the
“FCA”). RBC GAM UK is incorporated in England and Wales with registered office
at 77 Grosvenor Street, London W1K 3JR, United Kingdom and registered number
189154. RBC GAM UK’s affiliated entities not incorporated in the United Kingdom
are not authorized and regulated by the FCA.


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Nothing contained in or on the Site should be construed as a solicitation of an
offer to buy or offer, or recommendation, to acquire or dispose of any security,
commodity, investment or to engage in any other transaction. The Information is
not intended for distribution to, or use by, any person or entity in any
jurisdiction or country where such distribution or use would be contrary to law
or regulation. You are required to inform yourself of the laws of your country
or that otherwise apply to you in relation to any of the matters described in
the pages of this Site. If you choose to access the Site, you do so on your own
initiative and are responsible for compliance with applicable local, national or
international laws.


PROFESSIONAL INVESTORS ONLY

In the European Economic Area, this Site is only directed at Professional
Investors as defined under the UK Financial Conduct Authority’s Handbook.
Elsewhere, this Site is only directed at professional, institutional or
qualified investors or intermediaries and is not suitable for retail or
individual investors. If this Site is not directed at you, please leave the Site
immediately.


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The Site and the Information are not available to U.S. persons. As such, by
accepting these Terms, you represent and warrant that you are not a U.S. person
as defined under Regulation S of the U.S. Securities Act of 1933, as amended.


NON-CANADIAN RESIDENT REPRESENTATION

The Site and the Information are not available to Canadian residents. As such,
by accepting these Terms you represent and warrant that you are not a person,
corporation or partnership resident in Canada.


NO RELIANCE

The Information has been provided by RBC GAM for informational purposes only. It
is for general information only and is not, nor does it purport to be, a
complete description of an investment in any products offered by RBC GAM. If
there is an inconsistency between the Information and the respective offering
documents, the provisions of the respective offering documents shall prevail.

This Site and the Information are 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 their own
advisors and reach their own conclusions regarding the investment merits and
risks, legal, credit, tax and accounting aspects of transactions.


RISK WARNING

Past performance is not a guide to future performance. The value of investments
and the income from them may go down as well as up and investors may not get
back the amount originally invested. Exchange rate may vary and cause the value
of international investments to rise or fall.


NO WARRANTIES

RBC GAM provides the Site and the Information on an “as is, where is” basis and
does not make any express or implied warranties, representations or endorsements
with respect to the Site or the Information, including without limitation,
warranties as to merchantability, operation, non-infringement, usefulness,
completeness, accuracy, currency, reliability and fitness for a particular
purpose. Further, RBC GAM does not represent or warrant that the Site will be
available and meet your requirements, that access will be uninterrupted, that
there will be no delay, difficulties in use, defects, incompatibility, failures,
errors, omissions or loss of transmitted information, that no viruses or other
contaminating or destructive properties will be transmitted or that no damage
will occur to your computer system. You have sole responsibility for taking
protection and backup of data and/or equipment and for taking reasonable and
appropriate precautions to scan for computer viruses or other destructive
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information, products or services is expressed or implied by any Information.


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Save for where applicable law would be contravened, RBC GAM is not responsible
for and will not be liable to you or anyone else for any damages whatsoever
(including direct, indirect, incidental, special, consequential, exemplary or
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to use the Site or the Information, or any action or decision made by you in
reliance on the Site or the Information, or any errors in or omissions from the
Site or the Information, or any unauthorized use or reproduction of the Site or
the Information, even if RBC GAM has been advised of the possibility of these
damages. Your sole remedy is to discontinue using and accessing the Site or the
Information.


FORWARD-LOOKING STATEMENTS

The Site may contain forward-looking statements about general economic factors
which are not guarantees of future performance. Forward-looking statements
involve inherent risk and uncertainties, so it is possible that predictions,
forecasts, projections and other forward-looking statements will not be
achieved. We caution you not to place undue reliance on these statements as a
number of important factors could cause actual events or results to differ
materially from those expressed or implied in any forward-looking statement. All
opinions in forward-looking statements are subject to change without notice and
are provided in good faith but without legal responsibility.


ELECTRONIC COMMUNICATION VIA THE INTERNET

Any unprotected e-mail communication over the Internet is, as with communication
via any other medium (e.g. cellular phones, post office mail), not confidential,
subject to possible interception or loss, and is also subject to possible
alteration. RBC GAM is not responsible for and will not be liable to you or
anyone else for any damages in connection with an e-mail sent by you to RBC GAM
or an e-mail sent by RBC GAM to you at your request or on an ad-hoc basis.


LINKS/SOFTWARE

Links from or to websites outside the Site are meant for convenience only. RBC
GAM does not review, endorse, approve or control, and is not responsible for any
sites linked from or to the Site, the content of those sites, the third parties
named therein, or their products and services. Linking to any other site is at
your sole risk and RBC GAM will not be responsible or liable for any damages in
connection with linking. Links to downloadable material situate on or through
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for any difficulties or consequences associated with downloading such material.
Use of any downloaded material is governed by the terms of the license
agreement, if any, which accompanies or is provided with the software.

No person or company (including other financial sector related companies) may
link their site to the Site without the express permission of RBC GAM.


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Certain names, words, titles, phrases, logos, icons, graphics or designs or
other content in the pages of the Site are trade names or trade-marks owned by
Royal Bank of Canada or its subsidiaries, or trade names or trade-marks licensed
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first-time use, with the appropriate trademark symbol: ®/TM. These symbols are
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not imply that a license of any kind has been granted to anyone else. The
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re-transmission, or other copying or modification of trademarks and/or the
contents of the Site may be a violation of any federal or other law that may
apply to trademarks and/or copyrights and could subject the copier to legal
action. The Information is protected under the copyright laws of Canada and
other countries. Unless otherwise specified, no one has permission to copy,
redistribute, reproduce, republish, store in any medium, re-transmit, modify or
make public or commercial use of, in any form, the Information.


APPLICABLE LAW

Your use of this Site and these Terms are governed by and shall be construed in
accordance with Luxembourg law.

If any provision of these Terms shall be held to be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected. No term or provision shall be
deemed waived and no breach excused unless such waiver or consent shall be in
writing and signed by the party claimed to have waived or consented.

RBC GAM reserves the right, in its sole discretion, to change, modify, add or
remove portions of these Terms at any time without notice to Site users.
Similarly, RBC GAM reserves the right, in its sole discretion, to change,
modify, add or remove the content of this Site, including the country-specific
sections, or to terminate the Site in whole or in part. You must check the Terms
periodically for changes. Any changes, modifications, or additions to, or
deletions from the Terms shall be effective upon posting on this Site. If you
access this Site, including the country-specific sections, after changes to the
Terms are posted, you further acknowledge the Terms as changed and agree to be
bound by them.



Accept Decline


WELCOME TO RBC GLOBAL ASSET MANAGEMENT

Your partner in global investment excellence




GLOBAL INVESTMENT OUTLOOK – SPRING 2023

Economic tailwinds exist from the strong labour market, buoyant consumer
spending and, until very recently, a slight easing of financial conditions.
China’s reopening and Europe’s resilience in the face of an energy shock have
also benefitted the global economy, but investors may have become too optimistic
regarding the outlook.

Read more



FEATURED INSIGHTS

ECONOMIC OUTLOOK - SUMMER 2023

Global Investment Outlook

Chief Economist Eric Lascelles shares his perspective on the health of the U.S.
banking system, the risk of recession, generative AI and more.

E.Lascelles
Jun 19, 2023

FIXED INCOME MARKETS & CURRENCY OUTLOOK - SUMMER 2023

Global Investment Outlook

Dan Mitchell, Senior Portfolio Manager, provides his take on de-dollarization
and how it will impact global currencies. Dagmara Fijalkowski, Head of Global
Fixed Income & Currencies, shares her thoughts on whether the U.S. Federal
Reserve Board (Fed) is finished raising rates.

D.Mitchell, CFA, D.Fijalkowski, MBA, CFA
Jun 19, 2023

INDIA: FIRING ON ALL CYLINDERS

institutional

Our recent trip to India gave us confidence that it could be the country’s
moment, with the stars aligning and a positive mood in the cities we visited.

RBC Emerging Markets Equity team, V.Erb
Jun 15, 2023

CAPITAL MARKETS OUTLOOK - SUMMER 2023

Global Investment Outlook

Chief Investment Officer Dan Chornous shares his outlook for the global economy
and his forecast for equity and fixed income markets and more.

D.E. Chornous, CFA
Jun 15, 2023

MACROMEMO - JUNE 13 -26, 2023

#MacroMemo



 * Technology and the economy
 * Debt ceiling asides
 * Fed liquidity programs
 * Contrarian on China
 * Softer economic data
 * Eurozone in recession / Rolling recession
 * Central bank surprise
 * Gauging national power



E.Lascelles
Jun 13, 2023


OUR NET-ZERO AMBITION

As climate science continues to advance and our understanding of the impacts of
a net-zero transition evolve, we are committed to continually reviewing and
refreshing our approach and processes, to ensure they remain fit for purpose.

Learn more



--------------------------------------------------------------------------------


GLOBAL EXPERTISE

RBC Global Asset Management has expanded its investment capabilities by bringing
on talent based around the world, allowing us to build truly global portfolios.
Our investment teams are committed to the pursuit of deep fundamental knowledge,
collaboration, integrating advanced investment and risk management tools, and
embracing innovation.

$412B+ USD AUM worldwide (as of 3.31.23)
7 cities
3 continents
About us



Source: RBC Global Asset Management Inc.

gam-world-map

--------------------------------------------------------------------------------


OUR CAPABILITIES

RBC Global Asset Management brings a breadth of investment capabilities that
allow us to create customized client solutions through RBC GAM's specialized
investment teams supported by global resources.

Equities
Fixed Income
Pooled funds - RBC Funds (Lux)


FOOTER


INVESTMENT CAPABILITIES

 * Equities
 * Fixed income
 * Pooled funds


RBC GLOBAL ASSET MANAGEMENT

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