RBC GAM offers new income fund

RBC Global Asset Management has launched a balanced growth and income fund.

The new offering is made up of a portfolio of mutual funds that tap into Canadian, U.S. and emerging market equities. It also includes global fixed income securities. Also, the bank says the fund is suitable for those with medium- to long-term investment horizons, as well as some risk appetite.

“The balanced growth and income fund is meant to be a core holding for today’s uncertain markets,” says Karen McNally, vice-president of RBC GAM. She adds it’s available to clients through the series A, advisor series, series F (available through advisors), and series D offerings.

The management fees are as follows:

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Management Fee (%)
Series A	Advisor	Series F	Series D
1.75	1.75	0.75	1.00

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RBC GAM has also introduced the following four funds:

U.S. Investment Grade Corporate Bond Fund
Monthly Income High Yield Bond Fund
Emerging Markets Dividend Fund
Emerging Markets Small Cap Equity Fund

These funds are also available through the same four series, and the table below outlines their management fees:

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Fund Name	Management Fee (%)
Fund Name	Series A	Advisor	Series F	Series D
RBC $U.S. Investment Grade Corporate Bond Fund	1.25	1.25	0.75	0.90
RBC Monthly Income High Yield Bond Fund	1.50	1.25	0.75	0.90
RBC Emerging Markets Dividend Fund	1.85	1.85	0.85	1.10
RBC Emerging Markets Small Cap Equity Fund	1.85	1.85	0.85	1.10