RBC Direct Investing today announced it will offer certain RBC Funds with a new lower-priced option for do-it-yourself investors.

A preliminary prospectus filed by RBC Asset Management yesterday indicated that over 40 RBC Funds will be available exclusively at RBC Direct Investing in a new Series D.

Series D units will be for investors who want to include managed money as part of their portfolios but do the investment research and decision-making themselves. The management fees of Series D units will range from 0.60% to 1.25%, and investors must purchase a minimum of $10,000 in each fund.

Series D represents the first mutual fund fee structure in Canada from a major fund company that is tailor-made for the self-directed investor.

“We’re excited to be at the forefront of this new move in self-directed investing,” says Doug Coulter, president and CEO, RBC Direct Investing. “This pricing option should make RBC Funds, already some of the industry’s most competitive mutual funds, even more attractive for investors who choose to manage their own portfolios.”

Series D units will be available on July 3. For a list of RBC Funds that will offer Series D units, along with the corresponding management fees, please visit www.rbcdirectinvesting.com/seriesd.