The funds are designed to be used in combination, each RBC institutional cash fund invests in a defined type of cash asset, allowing treasury managers to structure an investment portfolio that matches key characteristics of their organization’s cash flows.
The four new funds are RBC Institutional Government – Plus Cash Fund, RBC Institutional Cash Fund, RBC Institutional US$ Cash Fund and RBC Institutional Long Cash Fund.
The funds will be conservatively managed by the PH&N fixed income team. PH&N fixed income funds adhere to a multi-strategy approach and emphasize disciplined credit research.
The RBC institutional cash funds leverage its expertise to the benefit of short-term investors with defined liquidity and investment objectives. Moreover, an online web-based tool will be launched shortly to allow treasury managers to access these funds and manage their organization’s cash resources from their own desk.
Damon Williams, head of institutional client group at RBC Global Asset Management and president of PH&N, said: “We believe that treasury managers may capture additional investment returns by taking a portfolio of funds approach to managing their cash assets. With RBC institutional cash funds, clients benefit from the rigorous credit analysis performed by our team of in-house credit experts, while investing in a portfolio that matches their organization’s short-term cash flows.”
