RBC Asset Management Inc. announced today that it
is reducing the management fees on nine international and global equity funds, effective Jan. 1, 2007.
This is the fourth such fee reduction announcement from RBC in the past 12 months, including lowering management fees for the RBC Managed Portfolios program, the RBC DS Focus Funds and the RBC North American Dividend Fund.
The new management fee on Series A and Advisor Series units drops to 1.85% from 2.00% for the following funds:
- RBC Asian Equity Fund;
- RBC European Equity Fund;
- RBC International Equity Fund;
- RBC Global Titans Fund;
- RBC Global Consumer and Financials Fund;
- RBC Global Health Sciences Fund;
- RBC Global Resources Fund;
- RBC Global Technology Fund;
- RBC Life Science & Technology Fund.
“For Canadian investors looking to diversify their portfolios beyond Canada, mutual funds have helped make global investing as easy and convenient
as investing here at home,” says Brenda Vince, president, RBC Asset Management.
“But investing outside Canada shouldn’t just be convenient, it should also offer investors good value. As a leading provider of global investment solutions, we are committed to continuously improving the value we deliver to our investors, not only when investing in Canada, but also when they invest in foreign markets,” Vince says.