RBC Asset Management Inc. is reducing management fees for the RBC Canadian Short-Term Income Fund and the RBC Bond Fund, it announced today.
Fees have been lowered to 1% from 1.15%, on Series A and Advisor Series versions of these funds. These changes are effective today, according to a release.
Plus, product launches from Manulife, Picton Mahoney and LongPoint
SEI takes award for best overall mutual fund group
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Firms must communicate with advisors and provide training when implementing new systems
Advisors want fair compensation plus the ability to avoid conflicts of interest when meeting clients' needs
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