Toronto-based RBC Global Asset Management Inc. is launching three new currency neutral mutual funds designed for clients who are looking to protect their investments from volatility in the currency markets.
RBC U.S. Dividend Currency Neutral Fund, RBC QUBE Low Volatility U.S. Equity Currency Neutral Fund and RBC Global Dividend Growth Currency Neutral Fund all aim to provide long-term capital growth while minimizing the exposure to currency fluctuations relative to the Canadian dollar.
RBC U.S. Dividend Currency Neutral Fund is available in Series A, Advisor Series, Advisor T5 Series, Series T5, Series F, Series FT5 and Series D with management fees that range from 0.6% to 1.6%.
RBC QUBE Low Volatility U.S. Equity Currency Neutral Fund is available in Series A, Advisor Series, Series T5, Series F, Series FT5 and Series D with management fees that range from 0.6% to 1.6%.
RBC Global Dividend Growth Currency Neutral Fund is available in Series A, Advisor Series, Series T5, Series F, Series FT5 and Series D, with management fees ranging from 0.75% to 1.75%.
The three funds are also available to institutional investors through Series O.