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.
Fixed income fund centre
Fund and share class information relating to BlueBay Funds.
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.
RBC Funds (Lux) - Global Equity Focus Fund
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
Romania - back on track after a high-stakes election
Romania risk assets have rebounded on an election win for pro-EU centrist Dan. We discuss what this means for the country’s economy and bond markets.
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.
Acting with conviction: investment grade
Neil Mehta, IG Portfolio Manager, discusses the team’s strong track record in investment grade debt and what it means to be a successful risk taker.
Multi-asset credit
Enhancing investors’ asset allocation returns.
BlueBay Emerging Market Illiquid Credit Fund I SCSp
BlueBay Emerging Market Illiquid Credit Fund I SCSp
BlueBay Capital Income Fund Objective
Asian equity
Investing in high-quality businesses throughout the Asia region.
Investment grade
We are fundamental investors: this is the key component of our success.
European equity
Using a fundamental, bottom-up analytical approach, we construct high conviction portfolios of quality companies across Europe.
A Roadrunner moment
Meetings in the White House reflected alarming complacency, while discussions with other analysts and advisors cited much greater downside risk.
Big not beautiful
In the wake of negative newsflow surrounding Trump’s tariff agenda, it seems the administration is determined to generate some positive headlines.
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 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.
Five reasons to be active in fixed income
Five compelling reasons why investors should take an active approach in fixed income markets.
High supply creating attractive opportunities in ABS
As supply and demand has re-balanced, is now an attractive entry point for European auto loan ABS bonds?
2025 Market View: Geopolitics
Tim Ash, Senior EM Sovereign Strategist, shares his thoughts on 2024 and the year ahead.
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.
Sustainability related disclosures
Emerging markets debt
A multi-layered approach for a broad & evolving asset class.
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.
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.
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.
Are temperatures set to rise into the summer?
With Trump’s tariffs set to stay, we think there will inevitably be a period of adjustment that shows up in higher prices in the months ahead.
Fight or flight?
In the week of Trump’s return, risk assets remained trading relatively well, with fears of greater economic disruption from tariffs not yet realised.
Global equities: where we do stop on the tariff staircase?
A focus on company fundamentals, especially quality companies run by strong management teams, is the optimal way to navigate the current uncertainty.
For fixed income investors, the election outcome really matters this time
Answers to common questions on how the upcoming US election may impact fixed income investors and the differences between a Trump and Harris win.
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
BlueBay Emerging Market Unconstrained TAP Bond Strategy
Alternatives
We have a 20+ year track record delivering alternative credit strategies spanning private assets and liquid alternative credit.
Leveraged finance
We offer a variety of investment strategies providing exposure to the global leveraged finance markets.
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.
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.
Cooling inflation and moderating growth prompt interest rate relief
We discuss how the U.S. and global economies should continue to moderately expand, particularly as the interest rate backdrop becomes more supportive.
China’s ageing population and a circular economy: recycling and remanufacturing for growth
We discuss a shift from ‘new growth’ to recycling in China, end-of-life vehicle remanufacturing opportunities, and encouraging policy formalisation.
Global equity
Our purpose is to make a positive difference to our clients through responsible long-term investment.
Romania’s presidential election: could a shock lead be a wake-up call?
The first-round win of Romanian far-right presidential front-runner, Calin Georgescu, is creating market volatility, and thus opportunities for alpha.
Financials – Europe’s most mispriced opportunity?
For investors willing to look beyond benchmarks, European financials offer compelling potential – but it takes specialist expertise to harness it.
Blending markets: a global approach to high yield debt investing
US debt has dominated the HY market traditionally. However, the rise of European and EM HY debt is creating opportunities for enhanced returns.
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.
Here comes the boom
A European trip reaffirmed how countries in southern Europe are outperforming their northern peers, while Middle East conflict flared again this week.
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.
A noisy Trump, but relief that there isn't any follow through….(yet)
Trade tariffs – and widespread global economic disruption – were the talk of the week, with outlandish claims on Gaza also hitting the headlines.
Corporate governance
Ownership and corporate governance.
A repeat of early month blues….
In meetings in the Middle East this week, it has been interesting to contrast regional prospects with those of countries elsewhere.
Our commitments
We participate in RI industry initiatives that work to increase transparency, protect investors, and foster fair and efficient capital markets.
Opportunities in fixed income…in a lower rate environment
With the Fed’s recent half-point rate cut and more expected in 2025, we look at what this means for investors and how they can maintain their income.
Keeping calm in dangerous times
The Middle East conflict escalated this week while, further afield, price action in Chinese assets grabbed attention in the wake of policy easing.
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.
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.
Oh dear, Keir!
Events in the Middle East have taken a worrying turn towards escalation, while in the UK and France, the governments’ travails continue to build.
DeepSeek shows us that 2025 won't just be about Donald Trump
This week’s DeepSeek disruption may inject some reality back into a market which, at times, has been at risk of believing too much in its own hype.
Donald Musk the Doge
For all the economic positives a Trump political agenda may bring, we’re sure there will be bumps ahead, and especially with regard to new appointees.
Another week, another deadline
The passage of the ‘big, beautiful bill’ is viewed as growth supportive into 2026. However, we expect to see some softer data prints over the summer.
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.
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.
Ishiba bows down as Trump rides high
It seems that the world has bowed to US pressure on trade, with the US administration playing its hand relatively effectively.
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.
Milton versus Dante
The Middle East remains on a knife edge as Israel pushes into south Lebanon while, in the US, attention has been more focused on hurricane Milton.
Trump Towers
We dissect the week when Trump made a historic political comeback, winning each of the battleground swing states and scoring a resounding victory.
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.
Party season
Markets are enjoying the season of goodwill, with US equities sitting at their highs and credit spreads narrowing to their tights for the year.
Trump and Dump
It’s been a rollercoaster week in markets but as volatility fades, valuations can correct and there are opportunities to add performance.
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.
RBC Emerging Markets Equity Annual Climate Report 2024
Our EM Equity team makes measuring and monitoring the climate-related risks and opportunities of their strategy a key focus of ESG research.
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.
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?
AI-related stocks: a time to tread carefully
The AI theme is a pertinent one for emerging markets equity investors. However, elevated stock valuations and strong demand suggest caution.
Why invest in Emerging Markets?
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.
Clockwork Orange
US election fever continues to build, as November approaches. Momentum is with Trump and it’s unclear what can shift it back to the Democrats.
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.
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.
Pre-election nerves or is it a bout of the ‘cheese sweats'?
As we approach the US election, we look for opportunities to buy (or sell) extremes in price action, thinking that moves could subsequently reverse.
Trump 2.0: the themes driving EM Debt
We discuss why emerging markets reacted as expected to Trump’s stunning win, and highlight three key themes shaping the outlook for EM fixed income.
European bond markets: five musings from June
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.
European bond markets: five musings from February
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 Second Coming….(minus Armageddon one hopes!)
Market volatility is subsiding but uncertainty in policy and politics will continue when Washington returns from recess at the start of next year.
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.
A White House comeback: our US fixed income perspective
The scale of the Republican win has taken markets by surprise. We look at potential regulatory changes, Europe’s reaction and Trump tariffs on China.
New Year’s fireworks
The UK has been front and centre this week, with the rise in borrowing costs making headlines and structural forces continuing to plague the economy.
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.
Who will be left to milk the cows?
US tariff talk on Canada, Mexico and China made headlines this week, while in France, Le Pen threatened a no-confidence vote in Barnier’s government.
