RBC Global Asset Management announces launch of new bond
fund of funds: RBC Monthly Income Bond Fund
TORONTO, October 19, 2010 — RBC Global
Asset Management (RBC GAM) today announced the launch of the
RBC Monthly Income Bond Fund, a diversified portfolio of bond
mutual funds from two award-winning bond fund families: PH&N
Funds and RBC FundsTM.
"The RBC Monthly Income Bond Fund has a conservative
profile that offers investors a one-decision, fixed-income
investment solution. Investors benefit from the active management
of two fixed-income teams, a portfolio that is regularly rebalanced
and a monthly distribution with a payout rate of approximately
3 per cent," said Sarah Riopelle, Portfolio Manager,
RBC Global Asset Management. "We are pleased to offer
investors a diverse fixed-income portfolio that combines the
strengths of our fixed-income fund families, provides a monthly
income stream and presents another option to stand-alone bond
funds, which may pay distributions on a quarterly basis only."
This fund of funds is appropriate for investors seeking exposure
to a diversified portfolio of fixed-income securities and
a source of regular monthly income. Furthermore, it is suitable
for investors who can tolerate fluctuations in the value of
their investments.
| RBC
Monthly Income Bond Fund |
| PH&N Short Term Bond & Mortgage Fund |
40
%
|
| PH&N Total Return Bond Fund |
20
%
|
| RBC
Bond Fund |
20
%
|
| RBC
Global Corporate Bond Fund |
10
%
|
| RBC
Emerging Markets Bond Fund |
5
%
|
| RBC
High Yield Bond Fund |
5
%
|
Individual investors can purchase the RBC Monthly Income
Bond Fund through four low management fee options: 0.65 per
cent for Series D (for those who invest directly through PH&N
Investment Services and RBC Direct Investing), 1.00 per cent
for Series A, 1.00 per cent for Advisor Series and 0.50 per
cent for Series F (available through financial advisors).
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) comprises RBC Asset
Management Inc. (RBC AM), Phillips, Hager & North Investment
Management Ltd. (PH&N) and RBC Global Asset Management
(U.S.) Inc. RBC GAM group of companies manage approximately
$200 billion in assets, including over $100 billion in IFIC-reported
mutual fund assets in Canada. PH&N won the Lipper Awards
for "Best Overall Fund Group" in 2010 and "Best
Bond Fund Family" in 2007, 2008 and 2010; RBC AM won
the Lipper Awards for "Best Bond Fund Family" in
2009 and "Best Overall Fund Group" in 2007 and 2008.
Website: www.rbcgam.com.
RBC Global Asset Management is part of
RBC Wealth Management which directly serves affluent and high
net worth clients in Canada, the United States, Latin America,
Europe and Asia. RBC Wealth Management provides integrated
and diversified international wealth management expertise
and solutions, asset management and trust services to high
net worth individuals and to corporate and institutional clients.
Services provided by RBC Wealth Management consultants, advisors,
private bankers and trust officers include trust and estate
planning, tax advice, discretionary investment management
and investment advisory services, structured solutions, banking,
lending and global custody. RBC Wealth Management has more
than $490 billion of assets under administration, nearly $240
billion of assets under management and more than 4,500 financial
consultants, advisors, private bankers and trust officers.
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For further information:
Yen To, RBC Global Asset Management
Communications, 416 955-5916
Elyse Lalonde, RBC, Media Relations,
416 974-8810
|
