Latest news with #CoreEquityFund
Cision Canada
26-06-2025
- Business
- Cision Canada
RBC Global Asset Management Inc. announces RBC Target 2025 Education Fund maturity date, changes to RBC U.S. small-cap equity funds, and risk rating changes Français
TORONTO, June 26, 2025 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced details regarding the maturity of RBC Target 2025 Education Fund, changes to RBC U.S. Small-Cap Core Equity Fund and RBC U.S. Small-Cap Value Equity Fund, and risk rating changes for certain RBC Funds. Maturity date of RBC Target 2025 Education Fund On or about November 21, 2025, RBC Target 2025 Education Fund will have reached its maturity date and RBC GAM Inc. will terminate it accordingly. All outstanding units of RBC Target 2025 Education Fund will be cancelled on the maturity date and unitholders will receive units of RBC Canadian Money Market Fund in exchange. Unitholders will be sent a written notice regarding the termination of RBC Target 2025 Education Fund. Changes to RBC U.S. Small-Cap Core Equity Fund and RBC U.S. Small-Cap Value Equity Fund RBC Global Asset Management will close its U.S. small-cap core, U.S. small-cap value, U.S. microcap core, and U.S. microcap value investment strategies managed by RBC Global Asset Management (U.S.) Inc. in Boston. This decision is intended to better align its product offerings with evolving industry dynamics and client needs. RBC GAM Inc. proposes to merge RBC U.S. Small-Cap Core Equity Fund and RBC U.S. Small-Cap Value Equity Fund (collectively, the "RBC U.S. Small-Cap Funds") into RBC U.S. Mid-Cap Value Equity Fund on or about November 21, 2025. These changes are subject to the approval of unitholders of the respective fund and other required approvals, including a positive recommendation from the Independent Review Committee of the RBC U.S. Small-Cap Funds. The proposed mergers are expected to be completed on a tax-deferred basis. Further details regarding the proposed mergers will be sent to unitholders of the RBC U.S. Small-Cap Funds in advance of the unitholder meeting. Effective July 14, 2025, the RBC U.S. Small-Cap Funds will no longer be available for purchase by new investors. Only existing unitholders of the RBC U.S. Small-Cap Funds on July 14, 2025, can continue to make additional investments into the funds. Risk rating changes The risk rating for certain RBC Funds has changed. These changes will be reflected in the applicable Fund Facts as part of the renewal of the simplified prospectus for RBC Funds, which is expected to be filed on or around June 27, 2025. These changes are based on the methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. RBC GAM Inc. reviews the risk rating for each fund on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review and not the result of any changes to the investment objectives, strategies or management of the funds. Risk rating increase Risk rating decrease Please consult your advisor and read the prospectus or Fund Facts or ETF Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc. and distributed through authorized dealers in Canada. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada. 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 97,000+ employees who leverage their imaginations and insights to 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 our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at About RBC Global Asset Management RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manage approximately $693 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia. SOURCE RBC Global Asset Management Inc.
Yahoo
26-06-2025
- Business
- Yahoo
Can Brown & Brown (BRO) Deliver Strong Returns Across Economic Cycles?
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as Brown & Brown, Inc. (NYSE:BRO). Headquartered in Daytona Beach, Florida, Brown & Brown, Inc. (NYSE:BRO) provides insurance products and services. The one-month return of Brown & Brown, Inc. (NYSE:BRO) was -2.97%, and its shares gained 20.21% of their value over the last 52 weeks. On June 25, 2025, Brown & Brown, Inc. (NYSE:BRO) stock closed at $108.38 per share, with a market capitalization of $35.746 billion. Parnassus Core Equity Fund stated the following regarding Brown & Brown, Inc. (NYSE:BRO) in its Q1 2025 investor letter: "Our overweight in the Financials sector grew as we added the insurance broker Brown & Brown, Inc. (NYSE:BRO). We believe the company is well positioned for strong returns across economic cycles. Our overweights within Financials continue to emphasize data and exchange companies and service oriented businesses like insurance providers, which we prefer over banks. A successful independent agent or broker discussing the benefits of life and health insurance with a customer. Brown & Brown, Inc. (NYSE:BRO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Brown & Brown, Inc. (NYSE:BRO) at the end of the first quarter, which was 39 in the previous quarter. While we acknowledge the potential of Brown & Brown, Inc. (NYSE:BRO) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Brown & Brown, Inc. (NYSE:BRO) and shared The BBH Select Series – Mid Cap Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of BRO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
