China’s NCSSF picks RBC GAM for natural resources mandate

China’s National Council for Social Security Fund (NCSSF) has picked RBC Global Asset Management to manage a global natural resources mandate.

No other details about the size of the mandate or the investment strategy have been released.

China established the NCSSF in August 2000 to manage and operate the assets of the National Social Security Fund. The Fund serves as the strategic reserve to meet social security needs during the future peak period of China’s aging population.

RBC GAM is the asset management division of Royal Bank of Canada, and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (US).

Its clients include high-net-worth and institutional investors to whom it offers exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. 

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