RBC Global Asset Management Inc. (RBC GAM) Monday announced the launch of RBC Balanced Growth & Income Fund, a diversified portfolio of mutual funds managed by an team that combines of RBC Funds, PH&N Funds and BlueBay Funds. The fund includes Canadian, U.S. and emerging market equities, along with global fixed income securities.
“The RBC Balanced Growth & Income Fund aims to deliver portfolio stability, long-term growth potential and a dependable source of income,” says Karen McNally, vice president, RBC GAM.
RBC GAM say the fund, which is meant to be a core holding, is suitable for investors with a medium to long-term investment horizon who are comfortable with some fluctuations in the value of their investments.
The fund is available to individual investors through four options: Series A; Advisor Series; Series F (available via financial advisors); and Series D (available via direct-to-client platforms, PH&N Investment Services and RBC Direct Investing). Management fees are: 1.75% for Series A and Advisor Series; 0.75% for Series F; and 1.00% for Series D.
In addition, RBC GAM to announce the launch of four other funds:RBC $U.S. Investment Grade Corporate Bond Fund; RBC Monthly Income High Yield Bond Fund; RBC Emerging Markets Dividend Fund; and RBC Emerging Markets Small Cap Equity Fund.
The funds are available to individual investors through four options: Series A; Advisor Series; Series F; and Series D. The management fees are outlined in the table below.
|
Fund Name |
Management Fee (%) |
|||
|
Series A |
Advisor |
Series F |
Series D |
|
|
RBC $U.S. Investment Grade Corporate Bond Fund |
1.25 |
1.25 |
0.75 |
0.90 |
|
RBC Monthly Income High Yield Bond Fund |
1.50 |
1.25 |
0.75 |
0.90 |
|
RBC Emerging Markets Dividend Fund |
1.85 |
1.85 |
0.85 |
1.10 |
|
RBC Emerging Markets Small Cap Equity Fund |
1.85 |
1.85 |
0.85 |
1.10 |