Toronto-based RBC Global Asset Management Inc. (RBC GAM) has added the low-priced structure of series H and series I to its RBC Bond Fund, RBC High Yield Bond Fund and PH&N Total Return Bond Fund, the asset management firm announced on Monday.
The pricing option has a minimum investment of $200,000 per fund and subsequent minimum investments of $5,000. Series I will only be available through fee-based accounts. Both series are available through financial advisors.
RBC GAM manages more than $280 billion in assets and provides global investment management services and solutions to individual, high net-worth and institutional investors. The asset management firm has approximately 1,000 employees located across Canada, the U.S., Europe and Asia.