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RBC Global Asset Management reduces mutual fund fees


RBC Global Asset Management has implemented significant fee reductions across its line-up of mutual funds.

These changes, which were previously announced in February 2016, reduced management fees on 85 funds by up to 0.15 per cent.
RBC GAM now offers its lowest-fee pricing option to all Canadian retail investors, from the first dollar they invest without minimums or complicated paperwork.
Based on current assets in RBC mutual funds, these changes are expected to result in CAD25 million in annual savings for clients.
"Along with performance, fees are one of the key considerations for mutual fund investors. At RBC Global Asset Management, we believe mutual fund fees should be up-front, easy to understand and most importantly low," says Doug Coulter, president of RBC GAM. "We are excited to implement these changes and to continue to earn our clients' confidence and trust by offering award-winning investment management and fees that are low and easy to understand."

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