RBC Global Asset Management Tuesday announced the launch of a new fund of funds built on a diversified portfolio of bond mutual funds from from Phillips, Hager & North Investment Management Ltd. and and RBC Asset Management Inc.
“The RBC Monthly Income Bond Fund has a conservative profile that offers investors a one-decision, fixed-income investment solution. Investors benefit from the active management of two fixed-income teams, a portfolio that is regularly rebalanced and a monthly distribution with a payout rate of approximately 3%,” says Sarah Riopelle, Portfolio Manager, RBC Global Asset Management.
“We are pleased to offer investors a diverse fixed-income portfolio that combines the strengths of our fixed-income fund families, provides a monthly income stream and presents another option to stand-alone bond funds, which may pay distributions on a quarterly basis only.”
This fund of funds is appropriate for investors seeking exposure to a diversified portfolio of fixed-income securities and a source of regular monthly income. Furthermore, it is suitable for investors who can tolerate fluctuations in the value of their investments.
The portfolio of RBC Monthly Income Bond Fund includes the following funds:
> PH&N Short Term Bond & Mortgage Fund, 40%
> PH&N Total Return Bond Fund, 20%
> RBC Bond Fund, 20%
> RBC Global Corporate Bond Fund,10%
> RBC Emerging Markets Bond Fund, 5%
> RBC High Yield Bond Fund, 5%
Individual investors can purchase the RBC Monthly Income Bond Fund through four low management fee options: 0.65% for Series D (for those who invest directly through PH&N Investment Services and RBC Direct Investing), 1.00% for Series A, 1.00% for Advisor Series and 0.50% for Series F (available through financial advisors).
RBC Global launches new bond fund of funds
Diversified portfolio brings together includes funds from PH&N, RBC
- By: IE Staff
- October 19, 2010 October 19, 2010
- 09:58