RBC Asset Management Inc. today launched the RBC Canadian Diversified Income Trust Fund.“At 10% of the S&P/TSX Composite Index, income trusts have grown to represent a significant part of the Canadian market, which we expect to continue to grow,” said Brenda Vince, president, RBC Asset Management Inc. “Currently at RBC Asset Management, we manage over […]
Rapid growth in assets prompts closing
New rule requires fund managers to oversee all decisions involving conflicts of interest
The goal is to give investors more flexibility and access
Changes provide a broader range of investment opportunities beyond Canada’s borders
Change won’t affect existing investments, regular contributions
Changes include certain fund mergers in order to reduce duplication
Makes change to RBC U.S. Mid-Cap Equity Fund
Terminates two pools, changes sub-advisor of one
New fund invests in mix of fixed income, equity securities