RBC Insurance reduces MERs on seg funds

RBC Insurance has reduced management fees by 20 basis points on seven of its balanced segregated funds. The changes are effective June 5, 2017, and are available to all new and existing clients with no restrictions. RBC GIF Invest series RBC GIF series 1 RBC GIF series 2 MER before  fee  reduction  (%) MER after […]

By Staff | June 5, 2017 | Last updated on June 5, 2017

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	RBC GIF Invest series		RBC GIF series 1		RBC GIF series 2
	MER before  fee  reduction  (%)	MER after fee  reduction  (%)	MER  before  fee  reduction  (%)	MER after fee  reduction  (%)	MER before fee  reduction  (%)	MER after fee  reduction  (%)
RBC Balanced GIF	2.48	2.25	2.79	2.57	2.97	2.74
RBC Conservative Growth & Income GIF	2.20	1.99	2.46	2.24	2.61	2.38
RBC Balanced Growth & Income GIF	2.41	2.20	2.60	2.39	2.80	2.59
RBC PH&N Monthly Income GIF	2.37	2.15	2.76	2.54	2.88	2.66
RBC Global Balanced GIF	2.48	2.25	2.72	2.51	2.84	2.62
RBC Select Conservative GIP	2.26	2.04	2.64	2.42	2.83	2.61
RBC Select Balanced GIP	2.41	2.19	2.70	2.48	2.89	2.67

Note: The 2016 MERs before fee reduction are the actual MERs for the year ended December 31, 2016. The 2016 MERs after fee reduction recalculate the 2016 MERs as if the new management fee percentages had been in effect throughout 2016. The MERs for 2017 are expected to be between the 2016 MERs before fee reduction and 2016 MERs after fee reduction, since the reduced management fee percentages will take effect partway into 2017.

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