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Key documents
Objective
The BlueBay Investment Grade Financials Plus Bond Fund is designed to achieve a total return from an investment universe of investment grade rated securities issued by global financial institutions. The fund is actively managed, does not reference any benchmark and has environmental, social and governance (ESG) criteria embedded into the investment process.1
Sustainability-related disclosure
Fund specific risks
- At times, the market for investment grade bonds may dry up, which could make it difficult to sell these bonds, or the fund may only be able to sell them at a discount
- There may be cases where an organisation with which we trade assets or derivatives (usually a financial institution such as a bank) may be unable to fulfil its obligations, which could cause losses to the fund
- Investing in subordinated bank debt, including CoCos, offers you the chance to gain higher returns through growing your capital and generating income. Nevertheless, there is a risk that CoCos may 1) be converted to equities or permanently written down 2) not be redeemed by the issuer when expected 3) defer or cancel interest payments indefinitely, which would result in a loss of income to the fund and possible loss of its initial investment. Additionally, CoCo investors may suffer losses prior to investors in the same financial institution holding equities or bonds.
- RBC BlueBay's ESG analysis can rely on input from external providers. Such data may be inaccurate or incomplete or unavailable and RBC BlueBay could assess the ESG risks of securities held incorrectly
- RBC BlueBay could suffer from a failure of its processes, systems and controls – or from such a failure at an organisation on which we rely in order to deliver our services – which could lead to losses for the fund
This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.
1. Certain investment strategies, asset classes, exposure and security types do not integrate ESG factors, including but not limited to money market, buy-and maintain, passive, and certain third-party sub-advised strategies or certain currency or derivative instruments. Different strategies that integrate ESG factors will be at varying stages of implementation. Please read a fund's prospectus or offering memorandum for further details.
Investment approach
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Security selection is key to performance and capital preservation focus is essential
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Research seeks to integrate macro, regulatory and political research with more traditional balance sheet analysis
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Disciplined risk management at every stage of investment process
Market opportunity
The asset class presents a structural investment opportunity that will continue to play out over the next several years
RBC BlueBay adopts a team-based approach, with comprehensive involvement of specialists in idea generation, investment decision making and portfolio/risk construction
Portfolio construction is led by Marc Stacey and James Macdonald within a disciplined risk management framework that emphasises liquidity and downside risk mitigation
Marc Stacey
Managing Director & Senior Portfolio Manager, BlueBay Fixed Income, Investment Grade
Marc is a managing director and senior portfolio manager on the BlueBay Fixed Income team, focussing on Investment Grade (IG) non-sovereign debt, specialising in financials. Marc started in his current role in 2011 as a lead portfolio manager. He has been instrumental in driving the success of the European IG credit strategies as well as the peer-leading performance of the Financial Capital Bond Fund. Marc joined the firm in 2004 as an operations analyst before joining the investment grade team in 2006 as a trader. Prior to joining the firm, Marc spent two years at CSFB focussing on credit derivatives. He started his career in the investment industry in 2002.
James Pettit
BlueBay Portfolio Manager, Investment Grade
James is a BlueBay Portfolio Manager within BlueBay's Investment Grade team and joined the firm in March 2012. James joined BlueBay Asset Management (which is now part of RBC Global Asset Management) as a member of the Operations department before moving to the Investment Grade team in December 2013. Prior to BlueBay, James worked for Sapient Global Markets as an associate consultant, spending most of this time working in trade support. He holds a BSc (Hons) degree in Investment and Financial Risk Management from Cass Business School, City University.
James Macdonald
Managing Director & Senior Portfolio Manager, BlueBay Fixed Income, Investment Grade
James is a managing director and senior portfolio manager on the BlueBay Fixed Income team, focussing on Global Leveraged Finance and Investment Grade. He joined the firm in 2007 as a financials analyst within the Investment Grade team. His experience and knowledge of the European banking sector has been widely utilised within the firm by both the Investment Grade and High Yield teams. He was instrumental in the successful launch of the BlueBay Financial Capital Bond Fund in January 2015 and has made a significant contribution to its peer group-leading performance since inception. Prior to joining the firm, James spent three years with PricewaterhouseCoopers as an assurance and advisory executive covering financial institutions. He is a qualified chartered accountant and holds an MA (Hons) degree from the University of Edinburgh. James is a CFA charterholder.