RBC Global Asset Management Inc. (RBC GAM) Monday announced the launch of RBC Conservative Growth & Income Fund and 10 new RBC Corporate Class Funds.
The growth & income fund is a mutual fund portfolio that leverages fixed-income and income-producing-equity strengths of RBC Funds, PH&N Funds and BlueBay Funds, says RBC GAM.
The new fund is suitable for investors with a medium- to long-term investment horizon who are looking for downside protection, low volatility and steady growth, RBC GAM says.
The fund is offered in six packages: Series A, Advisor Series, Series F (available through financial advisors), H series (high net-worth clients), Series I (HNW clients) and T5 series.
Management frees are: For Series A and Advisor, 1.40%; for Series F, 0.65%; for the Series H, 1.30%; for Series I, 0.55%; and for the series T5, 1.40%.
Corporate Class Funds
The new RBC Corporate Class Funds “ideal for non-registered plans” and “include a selection of fixed income and equity funds that provide investors with tax-free switching and rebalancing, reduced taxable distributions and a method of tax-efficient bond investing,” said RBC GAM, in a news release.
The new funds are offered to retail in six packages: Series A, Advisor Series, Series F (through financial advisors) Series H Series I and Series T5.