RBC Global Asset Management has launched ten corporate class funds that aim to provide investors access to both domestic and international equity strategies.
The funds are tax-efficient and ideal for non-registered plans, says the bank, and are available to retail investors as Series A, Advisor Series, Series F, Series H, Series I and Series T funds. The management fees for the offerings 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|
NOTE*: Series H and I are available to wealthy investors with a minimum investment of $200,000.
The funds are also available to institutional investors through Series O.
Also effective today, the RBC Canadian Equity Income Class is available as part of Series T. The management fee is 1.75% for Series T and Advisor, and 0.75% for Series FT5.
RBC GAM has also launched a new growth and income fund today. It offers a portfolio of fixed and equity income mutual funds offered by RBC, PH&N Funds and BlueBay Funds.
The banks says the fund is suitable for investors who have medium- to long-term investment horizons, and that it’s available as part of six series. The fees are outlined below.
|Management Fee %|
|Series A||Advisor||Series F||Series H||Series I||Series T5|