Press release from CNW Group
RBC Global Asset Management Inc. adds three funds to its low-price series for high net worth investors
Monday, April 29, 2013
RBC Global Asset Management Inc. adds three funds to its low-price series for high net worth investors09:00 EDT Monday, April 29, 2013
TORONTO, April 29, 2013 /CNW/ - RBC Global Asset Management Inc. today announced that the low-priced structure of Series H and Series I will now be available for the RBC Bond Fund, RBC High Yield Bond Fund and PH&N Total Return Bond Fund. These series are designed for high-net-worth investors in Canada.
This pricing option has a minimum investment of $200,000 per fund, and subsequent minimum investments of $5,000. Both series are available through financial advisors; however please note that Series I is only available for fee-based accounts.
|FUND||MANAGEMENT FEE||MINIMUM INVESTMENT|
|SERIES H||SERIES I||INITIAL||ADDITIONAL|
|RBC Bond Fund||0.90%||0.40%*||$200,000||$5,000|
|RBC High Yield Bond Fund||1.10%||0.60%|
|PH&N Total Return Bond Fund||0.90%||0.40%|
*Previously launched August 2006
Please read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $280 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top 10 largest wealth managers. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high-net-worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$593 billion of assets under administration, more than C$353 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.
For further information:
Jeff Keay, RBC GAM Communications, 416 955-0577, firstname.lastname@example.org
Leah Commisso, RBC GAM Media Relations, 416 955-6498, email@example.com