RBC Asset Management Inc. said Thursday it is launching a new bond fund for clients looking to diversify their fixed-income holdings.

The RBC Global Corporate Bond Fund will be managed by Frank Gambino, senior portfolio manager, RBC Asset Management, a unit of RBC Financial Group.

The fund will invest primarily in investment grade debt (rated BBB or higher) and can also invest up to 30% in high yield or emerging market debt. It has a management fee of 1.50% for A Series and 0.75% for F Series. It is also available in a load version.

“Investors continue to look for products that will help them generate yields in this low-interest-rate environment, while at the same time managing risk,” Dan Chornous, chief investment officer, RBC Asset Management, said in a release. “One thing we do know from past experience is that in a rising rate environment, corporates, high-yield and emerging-market debt indices have performed better than government debt. This new fund provides further diversification for fixed-income holdings.”