RBC GAM offers new series of 3 bond funds

RBC Global Asset Management will now offer Series H and Series I versions of its RBC Bond Fund, RBC High-Yield Bond Fund and PH&N Total Return Bond Fund.

These series are both designed for wealthy investors in Canada.

The two pricing options require a minimum investment of $200,000 per fund, and subsequent investments of $5,000. The bank notes that Series I funds are only available for fee-based accounts.

In terms of management expenses, both the bond fund and total return bond fund have 0.90% management fees for Series H and 0.40% fees for Series I. The high-yield bond fund has a Series H fee of 1.10% and a Series I fee of 0.60%.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.