Fee Reductions Take Effect on 85 RBC Mutual Funds
RBC GAM Inc. Launches New Website for Investor Education
TORONTO, July 4, 2016 /CNW/ - As of June 30, 2016, RBC Global Asset
Management Inc. (RBC GAM Inc.) implemented significant fee reductions
across its diverse lineup of mutual funds. These changes, which were previously announced in February 2016, reduced management fees on 85 funds by up to 0.15 per
cent. RBC GAM Inc. now offers its lowest-fee pricing option to all
Canadian retail investors, from the first dollar they invest without
minimums or complicated paperwork. Based on current assets in RBC
mutual funds, these changes are expected to result in $25 million in
annual savings for clients.
"Along with performance, fees are one of the key considerations for
mutual fund investors. At RBC Global Asset Management, we believe
mutual fund fees should be up-front, easy to understand and most
importantly low," said Doug Coulter, president of RBC GAM Inc. "We are
excited to implement these changes and to continue to earn our clients'
confidence and trust by offering award-winning investment management
and fees that are low and easy to understand."
RBC GAM Inc. believes in providing transparency in mutual fund fees and
that our clients should know exactly what they are paying for. Designed
to provide an in-depth understanding of fee breakdowns, RBC GAM Inc.
has launched the microsite Simply Lower. The site includes various educational tools that explain concepts such
as management expense ratios and how to understand your returns, as well as comparison charts and easy to understand guides for all our
clients' investment needs.
For more information, please visit: www.rbcgam.com/simplylower/.
About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada
(RBC) and includes BlueBay Asset Management and Phillips, Hager & North
Investment Management. RBC GAM is a provider of global investment
management services and solutions to institutional, high-net-worth and
individual investors through separate accounts, pooled funds, mutual
funds, hedge funds, exchange-traded funds and specialty investment
strategies. The RBC GAM group of companies manage more than $370
billion in assets and have approximately 1,300 employees located across
Canada, the United States, Europe and Asia.
For further information:
Leah Commisso, RBC GAM Corporate Communications, 416-955-6498