TORONTO, Aug. 12, 2013 /CNW/ - RBC Global Asset Management Inc. today announced the launch of RBC Balanced Growth & Income Fund, a diversified portfolio of mutual funds managed by an award-winning team that combines the core strength of RBC Funds, PH&N Funds and BlueBay Funds. This fund, which includes Canadian, U.S. and Emerging Market equities along with global fixed income securities, is now available for purchase by individual investors in Canada.
"As markets continue to be unpredictable, generating income and growth is still top-of-mind for many Canadians. Advisors and investors need a solution that includes a carefully constructed balance of equities and multi-asset fixed income securities," said Karen McNally, vice-president, RBC Global Asset Management. "The RBC Balanced Growth & Income Fund aims to deliver portfolio stability, long-term growth potential and a dependable source of income."
RBC Balanced Growth & Income Fund is suitable for investors with a medium to long-term investment horizon who are comfortable with some fluctuations in the value of their investments.
"It makes sense to have an investment plan that can be successful in a variety of different scenarios. The RBC Balanced Growth & Income Fund is meant to be a core holding for today's uncertain markets," McNally added.
RBC Balanced Growth & Income Fund is available to individual investors through four options: Series A; Advisor Series; Series F (available via financial advisors); and Series D (available via direct-to-client platforms, PH&N Investment Services and RBC Direct Investing).
The management fee for the fund is outlined in the table below.
| Management Fee (%) | |||
| Series A | Advisor | Series F | Series D |
| 1.75 | 1.75 | 0.75 | 1.00 |
In addition to RBC Balanced Growth & Income Fund, RBC Global Asset Management is pleased to announce the launch of:
- RBC $U.S. Investment Grade Corporate Bond Fund
- RBC Monthly Income High Yield Bond Fund
- RBC Emerging Markets Dividend Fund
- RBC Emerging Markets Small Cap Equity Fund
The funds are available to individual investors through four options: Series A; Advisor Series; Series F (available via financial advisors); and Series D (available via direct-to-client platforms, PH&N Investment Services and RBC Direct Investing).
The management fees for the funds are outlined in the table below.
| Fund Name | Management Fee (%) | |||
| Series A | Advisor | Series F | Series D | |
| RBC $U.S. Investment Grade Corporate Bond Fund | 1.25 | 1.25 | 0.75 | 0.90 |
| RBC Monthly Income High Yield Bond Fund | 1.50 | 1.25 | 0.75 | 0.90 |
| RBC Emerging Markets Dividend Fund | 1.85 | 1.85 | 0.85 | 1.10 |
| RBC Emerging Markets Small Cap Equity Fund | 1.85 | 1.85 | 0.85 | 1.10 |
All mentioned funds are also available to institutional investors through Series O.
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 $290 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$604 billion of assets under administration, more than C$369 billion of assets under management and over 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.
SOURCE: RBC
Matt Gierasimczuk, RBC GAM Communications, 416 974-2124, [email protected]
Leah Commisso, RBC GAM Media Relations, 416 955-6498, [email protected]
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