(May 30 – 14:55 ET) – Royal Mutual Funds Inc is launching two new funds: Royal e-Commerce fund; and Royal Canadian Bond Index fund. The funds will be available to investors beginning Monday, June 5.
The Royal e-Commerce fund will invest in a mix of global companies across industry sectors and segments of electronic commerce, with an emphasis on the U.S. market. It will focus on business-to-consumer and business-to-business opportunities in three key areas: core software and technology providers; emerging e-businesses; and established or businesses that are using e-business strategies to achieve a competitive advantage. David Cooke, vice president and portfolio manager, U.S. equities, Royal Bank Investment Management Inc., will manage the new fund.
“The Royal e-Commerce Fund provides a smart solution to investing with confidence in a rapidly growing but volatile market,” said Brenda Vince, vice president, marketing and product development, Royal Mutual Funds Inc. “David Cooke has an excellent track record, and we’re delighted that he has joined RBIM to deliver a quality fund for investors.”
Royal Mutual Funds is also launching the Royal Canadian Bond Index. The fund is designed to generate income and moderate capital growth and will invest primarily in fixed income securities issued or guaranteed by the Canadian federal government. Dagmara Fijalkowski, portfolio manager, global fixed income and currencies, Royal Bank Investment Management, will manage the fund.
-IE Staff