HONG KONG – City National Rochdale, a subsidiary of City National Bank, announced today that it has created an Asian subsidiary – City National Rochdale Asia Ltd. – and opened a new office in Hong Kong to house analysts who will provide on-the-ground research for the City National Rochdale Emerging Markets Fund.

“Our expanded research team in Hong Kong is expected to strengthen our emerging markets research capabilities, and our investment in Asia underscores our long-term commitment to our emerging markets strategy,” said Garrett D’Alessandro, chief executive officer at City National Rochdale in New York, which manages $24 billion in assets. “The expansion and consolidation of our Asia research team in Hong Kong will enhance our ability and complements our broad array of investment strategies to identify attractive equity investment opportunities across Asia for our City National Rochdale Emerging Markets Fund (ticker: RIMIX). Our approach has historically generated a strong performance in a tough environment. Our good results have stemmed from our intensive fundamental bottom-up research approach.”

Anindya Chatterjee, with more than 19 years of research experience covering the Asian markets, is the senior portfolio manager of the City National Rochdale Emerging Markets Fund, which has more than 41% of its holdings in companies in China and more than 25% in India. Chatterjee spends a significant amount of his time in Asia researching companies and meeting analysts, think tanks and company managements.

For a photo of Chatterjee:https://www.cnb.com/PublishingImages/anindya-chatterjee.jpg

For his bio: https://www.cnr.com

The two City National Rochdale colleagues who will work in the new Hong Kong office are:

  • Arun Narayana Pillai,  senior equity analyst
  • Jocelyn Nga Man Teh,  senior equity analyst

“Emerging markets Asia is in a sweet spot within emerging markets,” said Chatterjee. “We are committed to this strategy and region, and we are focused on the emerging middle class here. We believe this strategy can offer our U.S. clients additional portfolio diversification. Our analysts in Hong Kong are expected to identify and closely monitor the investment opportunities in growing companies in the region.”

City National Rochdale Asia’s Hong Kong office is located at 28 Hennessy Road, Suite 608, Admiralty, Hong Kong.

The RIMIX fund has more than $560 million in assets (as of July 31, 2014) and has returned more than 58% since its Dec. 14, 2011 inception, outperforming the MSCI Emerging Markets Index by 32%, according to Bloomberg data.

Performance as of 7/31/2014

 

3 Month

Year To Date

1 Year

Since Inception*

1 Year
(as of 6/30/2014)

Since Inception*
(as of 6/30/2014)

CNR Emerging Markets Fund

9.25%

9.46%

18.65%

19.11%

15.89%

19.04%

MSCI Emerging Markets Index

8.29%

8.19%

14.50%

9.29%

14.31%

8.79%

MSCI Emerging Markets Asia Index

10.62%

10.47%

18.68%

12.68%

16.65%

11.66%

Performance quoted represents past performance which does not guarantee future results. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

Current performance may be lower or higher than the performance quoted. The most recent month-end performance can be obtained by calling 800-245-9888.

*Since Inception of 12/14/2011 when the fund was the Rochdale Emerging Markets Portfolio. The fund was reorganized into the City National Rochdale Emerging Markets Fund on 3/28/13. It continues to be managed in the same way.

Returns for periods greater than 1 year are annualized.

Investment performance may reflect voluntary fee waivers in effect. In the absence of such fee waivers, total return and yield would be reduced. Fee waivers may be discontinued at any time. The expense ratio is 1.66%.

City National Rochdale is a subsidiary of City National Bank, now the 24thlargest American commercial bank, and has been listed by Barron’s as one of the nation’s top 40 wealth management firms for the past 13 years.

About City National Rochdale:

City National Rochdale specializes in personalized portfolio management for high-net worth individuals, families, and foundations, and provides clients with service that relates all investment decisions to each client’s personal benchmark. City National Rochdale manages $24 billion as a registered investment advisory firm headquartered in Los Angeles  and New York City. City National Rochdale is a wholly-owned subsidiary of City National Bank, America’s premier private and business bank, which is backed by more than $30 billion in total assets, and provides banking, investment and trust services through 77 offices. City National Bank and its investment affiliates manage or administer $65.8 billion in client investment assets. City National is America’s 24th largest commercial bank and has been recognized as a top wealth manager from Barron's for 13 years in a row. For more information, visit www.cnr.com.

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All asset figures are as of June 30, 2014, unless otherwise noted.

DISCLOSURES:

An investor should consider carefully the fund’s investment objectives, risks, charges and expenses. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 800-245-9888. Please read it carefully before investing.

The Investment Manager for the fund is City National Rochdale, LLC, a subsidiary of City National Bank. The fund is distributed by SEI Investments Distribution Co. (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456. SIDCO is not affiliated with City National Rochdale, LLC, City National Bank, or any of their affiliates.

Investing involves risk including loss of principal. Investing in international markets carries risks such as currency fluctuation, regulatory risks, economic and political instability. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. This fund is not diversified.

Diversification does not ensure a profit or protect against a loss.

The MSCI Emerging Markets Asia Total Return Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the Asian emerging markets.

The MSCI Emerging Markets Total Return Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets.