RBC launches new fixed-income funds

RBC Global Asset Management Inc. has added actively managed U.S.-dollar funds to its suite of fixed income pools and launched new funds that invest in global high-yield bonds.

The RBC $U.S. Core Bond Pool and RBC $U.S. Core Plus Bond Pool invest in core global bonds, high-yield corporate bonds, emerging market currencies, and corporate and sovereign debt, according to a release.

Series A of each fund has a management fee of 0.9%. Series F has a management fee of 0.4%.

RBC also launched two other fixed income funds designed to offer investors “expanded sources of alpha in response to the current low yield environment.”

The BlueBay $U.S. Global High Yield Bond Fund (Canada) invests in high-yield debt securities globally. Series A has a management fee of 1.5%; series D, 0.9%; and series F, 0.75%.

The BlueBay Global High Yield Bond Fund (Canada) invests primarily in the above-mentioned fund, while minimizing currency fluctuations relative to the Canadian dollar. It has the same management fees as the U.S.-dollar fund.

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