TORONTO, Jan. 26, 2015 /CNW/ - RBC Global Asset Management Inc. today announced the launch of 10 new RBC Corporate Class Funds. The funds provide investors with the choice of low volatility, Canadian, U.S. and international and global equity strategies.
Corporate class funds are tax-efficient investment solutions, ideal for non-registered plans. RBC Corporate Class Funds include a selection of fixed income and equity funds that provide investors with tax-free switching and rebalancing, reduced taxable distributions and a method of tax-efficient bond investing.
The new RBC Corporate Class Funds are available to individual investors through six options: Series A; Advisor Series; Series F (available via financial advisors); Series H; Series I; and Series T5.
The management fees for the funds are outlined in the table below.
|Fund||Management Fee %|
|Series A||Advisor||Series D||Series F||Series H*||Series I*|
|RBC QUBE Low Volatility Canadian Equity Class||1.75||1.75||1.00||0.75||1.60||0.60|
|PH&N Canadian Equity Value Class||1.75||1.75||1.00||0.75||1.60||0.60|
|RBC QUBE Low Volatility U.S. Equity Class||1.75||1.75||1.00||0.75||1.60||0.60|
|RBC U.S. Equity Value Class||1.75||1.75||1.00||0.75||1.60||0.60|
|RBC U.S. Mid-Cap Value Equity Class||1.85||1.85||1.10||0.85||1.70||0.70|
|RBC U.S. Small-Cap Core Equity Class||1.85||1.85||1.10||0.85||1.70||0.70|
|RBC International Equity Class||1.85||1.85||1.00||0.75||1.70||0.60|
|RBC European Equity Class||1.85||1.85||1.00||0.75||1.70||0.60|
|RBC Global Equity Class||1.85||1.85||1.10||0.85||1.70||0.70|
|RBC QUBE Low Volatility Global Equity Class||1.85||1.85||1.10||0.85||1.70||0.70|
*Series H and I are available to high net worth investors with a minimum investment of CAD $200,000.
The funds are also available to institutional investors through Series O.
Effective today, the RBC Canadian Equity Income Class is available in a new series. The management fee for the new series is outlined in the table below.
|Fund||Management Fee %|
|Series T5||Advisor||Series FT5|
|RBC Canadian Equity Income Class||1.75||1.75||0.75|
RBC Corporate Class Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Please read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than C$350 billion in assets and have approximately 1,200 employees located across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa, and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$690 billion of assets under administration, more than C$426 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.
For further information:
Leah Commisso, RBC GAM Corporate Communications, 416-955-6498