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Key documents
Objective
The BlueBay Capital Income Fund is designed to invest in subordinated debt securities issued by financial and non-financial issuers, combined with environmental, social and governance (ESG) criteria.
Fund ESG characteristics
The Fund does not reference any benchmark and its objective is to achieve a total return from a portfolio of subordinated debt securities.
Due to the complexity of the loss absorbing mechanisms and the absence of harmonized terms from issuer to issuer and from issue to issue of Contingent Convertibles, the BlueBay Financial Capital Income Fund is only suitable for Financially Sophisticated Investors who can bear the economic risk of the loss of their investment in the fund.
Financially Sophisticated Investor for this purpose means an investor who:
- has knowledge of, and investment experience in, financial markets generally and financial products which invest in securities and/or derivatives with complex features; and
- understands and can evaluate the strategy, characteristics and risks of the strategy in order to make an informed investment decision
This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.
Investment approach
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Security selection is key to performance and capital preservation focus is essential
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Investment process combines macro, regulatory, financial and policy analysis overlaid with a robust risk management framework
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Research seeks to integrate macro, regulatory and political research with more traditional balance sheet analysis
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Disciplined risk management at every stage of investment process
Market opportunity
BlueBay adopts a team-based approach, with comprehensive involvement of specialists in idea generation, investment decision making and portfolio/risk construction
Portfolio construction is led by Tom Moulds and Marc Stacey within a disciplined risk management framework that emphasises liquidity and downside risk mitigation
Marc Stacey
Senior Portfolio Manager, Investment Grade
Marc is a Senior Portfolio Manager within the Investment Grade team focusing on non-sovereign debt and specialising in financials. Marc started at RBC BlueBay in June 2004 as an operations analyst before joining the Investment Grade Debt Team in March 2006 as a trader. He moved to his current role in January 2011. As a lead portfolio manager, Marc has been instrumental in driving the success of the European IG credit strategies as well as the peer-leading performance of the Financial Capital Bond Fund. Prior to RBC BlueBay, Marc spent two years at CSFB focussing on credit derivatives. He holds a Bachelor of Business Science (Hons) in Economics and Finance from the University of Cape Town, South Africa.
Tom Moulds
Senior Portfolio Manager, Investment Grade
Tom is a Partner and Senior Portfolio Manager within the Investment Grade team. His focus is on European non-sovereign debt for which he manages RBC BlueBay’s European Corporate Strategy, including a flagship mutual fund and several bespoke mandates. Tom joined RBC BlueBay in December 2005 and the Investment Grade team in July 2007. He has been instrumental in driving the success of the European IG credit strategy, both in absolute return and benchmark portfolios, as well as developing the growing number of buy-and-maintain strategies. More recently, Tom’s focus has been the launch of the Capital Income Fund and the Impact-Aligned Strategy in line with growing investor demand for sustainable investment funds. His knowledge of financial software development and programming has been integral in tailoring RBC BlueBay’s information systems to assist with active portfolio management. Prior to RBC BlueBay, he worked as a financial analyst at the UK head office of Schneider Electric. Tom holds a BSc degree in Mathematics from the University of Wales, Swansea, and is a CFA charterholder.