RBC Global Asset Management Inc. Monday announced the launch of series H and series I units for a broad range of mutual funds, including RBC Funds, PH&N Funds, BlueBay Funds and RBC Corporate Class Funds.
“We are very pleased to bring the competitive and transparent pricing structure of our new series H and series I to the Canadian market,” says Doug Coulter, president of RBC Global Asset Management Inc.
“Our new pricing model offers substantial fee savings for clients with more than $200,000 to invest and is available across 31 funds, including all our Corporate Class offerings.”
The management fees on series H units start as low as 0.60% on RBC Short Term Income Class and climb to 1.75% on PH&N Overseas Equity Class and RBC Global Resources Class. Fees on series I units range from 0.10% on RBC Premium Money Market Fund to 0.85% on BlueBay Emerging Markets Corporate Bond Fund.
This new pricing option has a minimum investment of $200,000 per fund for most funds, and subsequent minimum investments of $5,000.
Both series are available through financial advisors; series I is only available for fee-based accounts.
For a complete list of funds, management fees and minimum investments, click here.