TORONTO, Nov. 14, 2018 /CNW/ - RBC Global
Asset Management Inc. (RBC GAM Inc.) today announced the reduction
of administration fees for RBC Emerging Markets Bond Fund.
RBC GAM Inc. reviews administration fees on an ongoing basis.
These reductions are part of our commitment to remain a leader in
delivering excellent value to our clients.
The administration fee for the applicable series will be reduced
effective January 1, 2019:
|
|
|
Fund
|
Series
|
Administration
Fee
|
Current
|
Effective
Jan 1, 2019
|
RBC Emerging Markets
Bond Fund1
|
A, Advisor, D &
F
|
0.10%
|
0.05%
|
1
Series O will be reduced from 0.10% to 0.02%
|
Please consult your advisor and read the prospectus or Fund
Facts document 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. RBC Funds, PH&N Funds and
BlueBay Funds are offered by RBC GAM Inc. and distributed through
authorized dealers. RBC GAM Inc. is a member of the RBC GAM group
of companies and an indirect wholly owned subsidiary of Royal Bank
of Canada.
About RBC Global Asset 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 and Phillips,
Hager & North Investment Management. RBC GAM is a provider of
global investment management services and solutions to
institutional, high-net-worth and individual investors through
separate accounts, pooled funds, mutual funds, hedge funds,
exchange-traded funds and specialty investment strategies. The RBC
GAM group of companies manage approximately $425 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC