RBC GAM introduces low-cost fixed income pools

RBC Global Asset Management Inc. has launched RBC Fixed Income Pools, which are offered in Series F with a management fee of 0.40%, the company said Monday

Three pools are available to accommodate different risk profiles, RBC said in a release:

• RBC Core Bond Pool focuses on core global investment-grade bonds and higher-yielding assets.
• RBC Conservative Bond Pool has an emphasis on shorter-term investment-grade Canadian bonds and modest amounts of diversified global investment-grade, high-yield and emerging market debt and emerging market currencies.
• RBC Core Plus Bond Pool has increased exposure to core global bonds, high-yield corporate bonds, convertibles and emerging market currencies, and corporate and sovereign debt.

Each pool is constructed starting with investments in Canadian investment grade bonds, the release said. Allocations to global government, corporate, high-yield and emerging market bonds are then added to enhance yield and diversify risk.

For added diversification, each pool includes an allocation to emerging market currencies and developed market currencies such as the U.S. dollar.

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