RBC Asset Management Inc. today announced the launch of RBC Select Very Conservative Portfolio. The fund is designed for investors seeking a high degree of capital preservation and the potential for modest capital growth.

“Given the market declines of the past year and the uncertain economic environment, many investors today are sitting on the sidelines in GICs or other near-cash investments,” says Doug Coulter, president, RBC Asset Management. “The RBC Select Very Conservative Portfolio offers a low-risk solution for investors who are concerned about market volatility but also understand the need for some exposure to growth investments in order to reach their goals.”

The new fund invests primarily in fixed-income securities with a small amount of equities to generate growth and provide some protection against inflation.

RBC Asset Management says it has the most conservative asset mix within the five RBC Select Portfolios line-up, with a target asset mix of 80% fixed income and 20% equities.

It is also the first RBC Select Portfolio to include Phillips, Hager & North funds in its holdings.

RBC Select Portfolios now includes five asset mix options with combined assets under management of $9.5 billion. All are eligible for registered and non-registered accounts, with a minimum initial investment of $5,000.

IE