RBC Global Asset Management, part of Royal Bank of Canada, has launched its RBC Emerging Markets Bond Fund, a vehicle which the firm says is only available to individual investors in Canada.

The fund is suitable for investors that seek a combination of income and capital growth potential while looking to diversify the fixed income segments of their portfolios through exposure to emerging market debt securities, RBC Global Asset Management said in a statement.

"Currently representing about 35 per cent of global output, emerging markets have been the engine of growth helping the world recover from the 2008 financial crisis," said Jane Lesslie, senior portfolio manager at RBC Asset Management in the UK.

"Economic growth rates well above global averages, stable to falling debt loads and supportive demographics, including rapidly growing middle classes, continue to position many of these countries as great investments going forward."

The RBC Emerging Markets Bond Fund will comprise a portfolio of emerging market government and corporate bonds from countries such as Brazil, China, Colombia, Indonesia, Lebanon, Malaysia, Mexico, Panama, Peru, Philippines, Poland, Russia, South Africa, Turkey and Venezuela.

The fund is available to individual investors through four “low-cost” fee options: Series A, F, D as well as an Advisor Series; it is also available to institutional investors through Series O.