2025: from ‘banks and tanks’ to big tech
As we reach year-end, Jeremy Richardson, Senior PM for Global Equities, reflects on the key events that have driven equity markets.
ABS delivers performance through volatile market environments: what next?
We discuss how asset-backed securities provide an attractive investment proposition today and will perform well in benign and volatile environments.
Equities fund centre
Fund and share class information relating to RBC Funds (Lux).
The BlueBay Emerging Market Credit Alpha Fund Limited
Private credit opportunities in emerging markets
We discuss how a selective approach to high quality EM private debt investments can enhance returns, while reducing risk and dampening volatility.
Unlocking the illiquidity premium in EMD
We discuss how – at a time of global uncertainty – EM private credit investors can benefit from enhanced yield and a compelling risk-reward balance.
Responsible Investment team
Monetising macro volatility in Trump 2.0
As a macro investor, Russel Matthews seeks to identify the best opportunities regardless of market backdrop. He shares his views on the year ahead.
UK gilts: the storm after the calm
The risk premium the market attaches to UK assets could linger for longer this time, given the government’s reluctance, as yet, to change course.
U.S. equity
Our U.S. equity strategy is an actively managed, high-conviction, research-driven strategy.
Multi-asset credit
Enhancing investors’ asset allocation returns.
BlueBay Emerging Market Illiquid Credit Fund I SCSp
Asian equity
Investing in high-quality businesses throughout the Asia region.
A Roadrunner moment
Meetings in the White House reflected alarming complacency, while discussions with other analysts and advisors cited much greater downside risk.
A road to nowhere
With geopolitical risk elevated and US attention directed towards the Middle East, actors elsewhere could adopt an opportunistic stance at present.
Our approach
Being an active, engaged, and responsible investor can enhance risk-adjusted, long-term performance and is consistent with our fiduciary duty.
The bridge to dollar weakness
We discuss why the current macro environment is creating an asymmetric opportunity to be short the dollar.
The tailwinds for alternative fixed income strategies in emerging market debt
How different EM alternative strategies can offer investors a way to capitalise on market inefficiencies.
Why do fixed income ETFs underperform their benchmarks?
We discuss how fixed income markets have multiple idiosyncrasies that allow active fixed income managers to generate net-of-fees outperformance.
What is driving the positive sentiment towards alternative fixed income strategies?
Polina Kurdyavko discusses the resurgence of these funds and the strategic approaches used to navigate market volatility.
Investment expertise
We offer clients deep expertise in specialist fixed income and equities, with ESG factors integrated into applicable investment processes.
TACO Trump is likely to fight back
At a time when market direction is less certain, it strikes us that curve trades offer a better potential reward than duration trades at this point.
Alternatives insights
A heritage rooted in alternative investments. Fundamental research builds the basis for any of our investment decisions.
Emerging markets equity
Disciplined security selection and risk management, combining top-down thematic views with rigorous company level research.
Fixed income
Sub asset class specialisms across long-only and alternative investment strategies.
Convertible bonds
Convertible bonds offer the potential for equity-like returns but with lower volatility.
Progressive solutions for institutional investors
RBC BlueBay is structured to deliver outcomes tailored for investors seeking to enhance their portfolio returns.
Positioning portfolios for 2025: ABS is a solution in volatile and benign markets
We explore two possible scenarios for 2025 – volatile and benign – and discuss how asset-backed securities can provide the solution in both outcomes.
Fixed Income sustainability related disclosures
Responsible investment
We believe that being an active, engaged and responsible investor empowers us to enhance the long-term, risk-adjusted performance of our portfolios.
European bond markets: five musings from April
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
Is this the end of US exceptionalism?
Spread compression reflects improving fundamentals and a realisation that Europe can offer a more attractive hunting ground for credit investors.
The $7 trillion question – when will cash come off the sidelines?
We explain why the case for sitting in cash is weakening – and why even small shifts in allocation could have a big impact on spreads and returns.
Trump Slump!
The past week has seen no end to pronouncements around policy from Trump and his team, with fears of an escalating trade war unnerving investors.
BlueBay Emerging Market Unconstrained TAP Bond Strategy
Winning in the USA
The past week has seen plenty of introspection and hand wringing in the EU, with Trump having exposed the lack of power and leadership in the bloc.
Political risk going K-Pop
As the dust settles with respect to US political volatility, the past week has an explosion of developments in France, Romania, and South Korea.
Trump 2.0, a song of fire and ice
There will be plenty of noise coming from Washington in the coming days, and we wait to see how this impacts markets, both domestically and overseas.
On the political ropes?
The political spotlight on Trump has put him on the defensive, as his approval rating slides to a new low point during his second term in office.
Alternatives
We have a 20+ year track record delivering alternative credit strategies spanning private assets and liquid alternative credit.
European Bond markets: five musings from July
Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets for July.
Thinking the US can grow out of its debt burden is wishful thinking
We discuss how US economic underperformance would have severe implications on fiscal ratios and the trajectory of the country’s debt dynamics.
In praise of unconstrained investing
We discuss why a high conviction, total return approach is best suited to generating superior returns in the unconstrained EMD space.
5-D chess
Recent newsflow shows why the Fed can’t get pulled into a guessing game of the economy’s direction, based on survey indicators & policy announcements.
The last (paper) straw?
Despite noise from overseas and from many prominent figures in the US, it’s striking that Trump is enjoying a strong approval rating from voters.
Don't be fooled by the calm on the surface
We believe Israel’s missile strikes aim to apply pressure on Iran towards a nuclear deal and an escalation to a wider Middle East war is unlikely.
A 'cold' moment for Trump
The Trump administration is in an ebullient mood, on a sense that it is showing signs of winning the trade war it started in a global economy.
Corporate governance
Ownership and corporate governance.
No hero for Net Zero
The US government shutdown continues and with air travel now affected, there are fears that the economic drag may start to escalate.
The Fed and the Fall
A notable development at this week’s FOMC meeting was dissent from new member, Stephen Miran, who advocated for a more aggressive 50bps cut.
Wise men follow a new light in the night sky
As we make bold predictions for year ahead, we would be wise to focus on policy and politics, and absolute return strategies.
The continuous march of the Welfare State
Following the Budget, a change in UK leadership appears less likely in the near term, although an optimistic outlook is a challenge at present.
Are Trump's golden ideas starting to lose some lustre?
If there has been any political surprise in recent days, it has been a push by Merz to secure agreement on a large increase in defence spending.
Past the worst?
In period of relative market calm, we look at the long-term impact of the tariff tussle on inflation, growth and fixed income opportunities.
Our commitments
We participate in RI industry initiatives that work to increase transparency, protect investors, and foster fair and efficient capital markets.
European bond markets: five musings from January
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
The New World Order
Investors are happy to catch their breath for a moment, following a very active few months since Trump returned to the White House.
European Bond markets: five musings from September
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
Overreach?
At a time of economic uncertainty, one thing we can continue to be confident about is that this new regime of political volatility is here to stay.
Falling into line on Daddy's orders?
With the EU potentially taking a stronger line on trade negotiations with the US, markets are being complacent with respect to trade risks.
Economic fears ease, as political worries bubble to the surface
An extended US government shutdown could have modest economic downside risks, but we think it’s unlikely to materially impact the macro outlook.
Over-Cooked?
Trump’s firing of Fed governor Lisa Cook was the big news of the week, while in France, Bayrou made a decision to call for a Vote of Confidence.
Joy, despair and the road in between
US policy uncertainty is making it difficult to implement medium-term plans, and this is weighing on business confidence and hindering investment.
Europe feeling ghosted by its former best friend
US pushes for Ukraine peace, exposing EU's military reliance on Washington, prompting urgent defence spending discussions.
Polina’s Perspective: a pimple soup experience in China
The menu of investment opportunities in China needs close evaluation and a longer-term horizon but with careful selection, appetites can be satisfied.
From MAGA to MEGA
US tariff talk is becoming a reality, while a fiscal U-turn by incoming German Chancellor Merz will mean more spending on defence and infrastructure.
Pricing Externalities in a Changing World
Establishing a cost to pollution is critical in tackling climate change. However, often the firms emitting carbon do not incur these costs.
Making Conclave Great Again
The week saw some optimism around the US/UK trade deal, while in Germany, Friedrich Merz had a stumbling start to his new role as Chancellor.
High yield markets: staying focused in an ever-changing world
We discuss our views on key themes, pressure points in global high yield markets, and the outlook for the rest of the year.
Our CLO platform: an evolving growth story
Having recently priced our 11th CLO globally, we highlight the growth of our CLO platform, the drivers of its success, and plans for future issuance.
Special situations: a favourable backdrop for European event-driven credit
With the second half of the year well underway, we look at distressed activity over the summer and the ongoing market opportunity in the asset class.
Tax man cryin'. Rayner smilin'
What are the implications of any US Supreme Court ruling on US tariffs and the firing of Fed governor Lisa Cook?
Trump’s tariff tango
Many investors had taken a complacent view ahead of Liberation Day, yet the outcome was a complex array of tariffs at various rates on a global basis.
Summertime optimism, before the start of a new season
Trump has shown how a dominant economy can effectively win a trade war versus lesser economies, even if the net result is detrimental to global GDP.
Making all of her own problems
Japanese assets came under increasing pressure over the past week, as Prime Minister Sanae Takaichi continues to unsettle markets.
Chain reactions
We are left considering the chain reaction of events this week, which may be triggered by changes and upheaval in policy, and in geopolitical circles.
Are markets bringing Trump to heel?
There’s a sense that financial markets are acting as a constraint on Presidential power, and disruptive policies may be pushed back or watered down.
Little to celebrate on Liberation Day
European policymakers are readying robust countermeasures to US tariffs, while the Chancellor’s Spring Statement caused a stir in the UK.
Polina’s Perspective: a journey to maturity – reflections from the window seat
Following a recent trip to South America, Polina Kurdyavko, Head of EMD, reflects on the challenges and opportunities for emerging market countries.
