RBC I&TS launches first Luxembourg UCITS fund for Daiwa Asset Management

Tokyo, 10 October 2019 RBC Investor & Treasury Services (I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), has successfully launched the first Luxembourg UCITS fund for Daiwa Asset Management, one of the largest asset management companies in Japan.

The new UCITS fund, called Daiwa Global Funds, has been established in Luxembourg, a major global centre and distribution hub for investment funds in Europe. Daiwa Global Funds consists of a series of funds investing in Asian and Japanese equities asset classes. The funds are managed by Daiwa Asset Management from its Tokyo and Singapore offices.

With three decades of expertise in UCITS (Undertaking for Collective Investment in Transferable Securities), RBC I&TS has a long track record of supporting Asian clients to achieve their cross-border objectives. RBC I&TS is well placed to support the interest of global asset managers in UCITS fund structures, thanks to its long-established operations in the key centres of Ireland and Luxembourg, as well as RBC’s expertise in servicing global asset managers.

“Asian fund managers are increasingly seeking growth outside of their traditional domestic markets, and are attracted by countries like Luxembourg with its status as an international hub for globally distributed investment funds, notably UCITS,” said Andrew Gordon, Managing Director, Asia, RBC Investor & Treasury Services

“The Daiwa Global Funds will be supported by our centre of excellence in Luxembourg, together with our local experts based in Tokyo and Singapore,” he explained.

Yohan Choi, Executive Director of the Marketing Division, Daiwa Asset Management, said, “We are pleased to build on our extensive global presence with this new fund, and we value the support from our partner, RBC I&TS, to help achieve a successful launch.”

Daiwa Asset Management has been operating since 1959, and is the second-largest asset management company in Japan based on assets under management of publicly offered investment trusts. It manages over 600 funds of various asset classes ranging from traditional to alternative strategies.

Both Daiwa Asset Management and RBC (through its Global Asset Management) are signatories to the Principles for Responsible Investment and promote the practice of responsible investment as part of their ESG (environmental, social and governance) commitments.

About RBC Investor & Treasury Services

RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of asset services, custody, payments and treasury and market services for financial and other institutional investors worldwide, with over 4,500 employees in 17 countries across North America, Europe, Asia and Australia. We deliver services which safeguard client assets, underpinned by client-centric digital solutions which continue to be enhanced and evolved in line with our clients’ changing needs. Trusted with CAD 4.2 trillion in client assets under administration(1), RBC I&TS has been rated by our clients as the #1 global custodian for eight consecutive years(2) and is a financially strong partner with among the highest credit ratings globally(3). Learn more at rbcits.com

(1) RBC quarterly results released August 21, 2019

(2) Global Custody Survey, Global Investor ISF, 2011 to 2018, unweighted

(3) Standard & Poor’s (AA-) and Moody’s (Aa2) legacy senior long-term debt ratings of Royal Bank of Canada at May 22, 2019

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

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For more information, please contact:

Anthea Cudworth
+614 1998 9232