bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

paywallTypes

createdDate

publishedDate

sponsorType

urlAlias

moreOnThisArticles

commentCount

authorLocations

authors

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

articleSpeeches

socialHeadline

headline

images

flag

firstTopic

glossary

flattenTypeIds

image

relatedLinks

relatedNewsletters

__typename

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

SCMP Reporter

THE Royal Bank of Canada (RBC) has been given a vote of confidence in Hong Kong as a centre for managing pension funds.

  Last year, it set up a presence in the area when it took over the investment arm of Royal Trust Asia.

  The move was partly prompted by changes which allowed Canadian institutions to invest more money overseas.

 The managing director of RBC Investment Management, Andrew Buchanan, said Hong Kong markets had proved to be a good location to invest funds.

 ''We have an excellent track record and have been very consistent,'' he said.

  ''From 1991 to the end of June, with Royal Trust, we have achieved a 25 per cent rate of return above the median. We have proved ourselves by our performance.''    RBC Investment now has C$1.3 billion (about HK$7.3 billion) under management. Around half of the money comes from North America and the rest is generated in Asia.

 Mr Buchanan said the firm wanted to increase its business of managing funds for groups based in Southeast Asia.

 ''We are heavily reliant on money coming out of North America to the Asia market,'' he said.

  ''We are expanding our local business. We want to do much more work with clients in this area.

  ''I think people will see that we have been very consistent.

  ''They will judge us on the fact that we can come up with a high rate of return. I think the prospects for us are extremely good.

  ''We want to continue to build on what we have already achieved here in Hong Kong.'' 



Royal Trust offers high return