Toronto-based RBC Global Asset Management Inc. (RBC GAM) Monday announced two new versions of existing funds in its lineup.
RBC Balanced Growth & Income Fund has grown to over $900 million since inception in August 2013. The corporate class version of this fund being launched today is suitable for certain clients with non-registered investments and provides existing RBC Corporate Class clients with a lower-risk choice within the class, according to the firm.
It is meant to provide portfolio stability through its diversified global asset mix and broad range of income solutions.
This fund is available to individual investors through five options: Series A; Advisor Series; Series F (available through financial advisors); Series H; and Series I.
Series A and the Advisor series share the same management fee of 2.09%. The fee for Series F is 0.96%. Series H has a management fee of 1.92% and the fee for Series I is 0.79%.
Note that Series H and I are available to high net-worth investors with a minimum investment of CAD $200,000.
RBC GAM is also launching a fully hedged, U.S. dollar version of BlueBay Global Convertible Bond Fund (Canada). This was originally launched in November 2012 and has grown to more than $1.2 billion in assets under management.
BlueBay $U.S. Global Convertible Bond Fund (Canada) is meant for investors who want exposure to a portfolio of global convertible bonds, a combination of current income and capital growth potential and are seeking new U.S. dollar options for their investments, according to the firm.
This fund is available to individual investors through five options: Series A; Advisor Series; Series F (available through financial advisors); Series H; and Series I.
The management fee for Series A and the Advisor series is 2.15%. Series F has a fee of 1.30%. The fee for Series H is 1.86% and the fee for Series I is 1.02%.
Series H and Series I are available to high net-worth investors with a minimum investment of CAD $200,000
Both of the solutions being launched today are also available to institutional investors through Series O.