(June 5 – 12:40 ET) – Royal Mutual Funds is launching four new mutual fund portfolios that will include third party funds. The portfolios will be available nation wide, on a no-load basis through branches, brokers, by phone and via the Internet.
Royal Select Choices Portfolios give investors no-load access to some of the best brand name fund companies in Canada including AGF Funds Inc., C.I. Mutual Funds, Fidelity Investments, Mackenzie Financial, Trimark Investments, and Royal Mutual Funds. Each portfolio features a distinct asset allocation that is designed to meet the needs of a specific investor profile: conservative, balanced, growth and aggressive growth.
The 17 funds that comprise the portfolios offer investors management style diversification, simplified strategic asset allocation, and automatic foreign content monitoring and portfolio re-balancing, combined with the ease and convenience of tracking a single investment.
“Only an integrated wealth management platform can realistically design and deliver a mutual fund portfolio product like this,” said Reay Mackay, vice chairman, Royal Bank of Canada responsible for Royal Investment Services. “We have combined the strength of the mutual fund analysts in our Private Client Division with our Royal Mutual Funds group and Royal’s branch network to give Canadians access to a premium investment solution,” said Mackay.
Currently each of the four Royal Select Choices Portfolios holds between eight and 10 funds. Each portfolio is 100% RSP eligible. The four no-load portfolios combine all fees and expenses, including the underlying fund costs, into one management expense ratio (MER). The portfolios require an initial minimum investment of $10,000 with additional contributions limited to $100 or more.
-IE Staff