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RBC Global Asset Management is changing the name of the RBC $U.S. Income Fund to RBC U.S. Monthly Income Fund.

The investment objectives and strategies of the fund have not changed. The fund will continue to offer a U.S. dollar purchase option. The change is effective June 27, upon the renewal of the RBC Funds 2014 Simplified Prospectus.

Read: RBC posts 15% growth in profit

In addition, on August 11, 2014, the RBC U.S. Monthly Income Fund will offer a Canadian dollar purchase option available through: Series A, Advisor Series, Series F (available via financial advisors), Series D (available via direct-to-client platforms, PH&N Investment Services and RBC Direct Investing) and Series H and I.

Also read:

IIROC fines RBC Dominion Securities $90,000

Canadians with more than $1 million to invest up 7%

Originally published on Advisor.ca

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