Two IG affiliates failed to move eligible investors into a cheaper series of certain funds
Lower management fees for three BlueBay Funds and RBC Target 2020 Education Fund
The introduction of four new series provide more value and choice to investors
The firm has also named Patrice Quirion as portfolio manager of two mutual funds
The firm will also increase management fee distributions on certain funds and close a fund to new purchases
Capped MERs for some series will be reduced
The fee reductions also involve the Series O units of several PH&N funds
The management expense ratio model is replaced with a fee expense ratio model in which the cost of mutual fund ownership is fixed
The changes include lower management fees, new names for several funds and a new currency hedged series
The changes include management fee reductions and an increase to the minimum initial investment