Mutual fund giant paves way by cutting fees?

Mutual fund giant paves way by cutting fees?

Mutual fund giant paves way by cutting fees?

Additionally, at least 75 per cent of total assets will be invested in securities having a rating in the highest rating category recognized by a statistical rating organization, or issued or guaranteed by the U.S. government, government agencies, or government sponsored enterprises. The remainder of the fund’s total assets will be invested in First Tier Holdings or in securities rated at least in the second highest category.

As of November 27, the RBC SMID Cap Growth Fund’s 1.35 per cent gross expense ratio and the 1.10 per cent net expense ratio of the Class I shares were reduced to 1.08 per cent and 0.85 per cent, respectively. The 1.60 per cent gross expense ratio and the 1.35 per cent net expense ratio of the Class A shares were also reduced to 1.47 per cent and 1.10 per cent, respectively.

The introduction of Class A shares for the four RBC BlueBay Funds was also introduced on November 27, making the funds’ global and emerging market fixed income investment expertise more accessible to U.S. investors. The new shares require a lower minimum initial investment of $2,500, instead of its previous minimum of $1 million.
 


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1 Comments
  • philippe m martin 2013-12-02 11:21:30 AM
    POLITICS AND BANKS FINALLY GOT THE LIFE INSURANCE INVESTMENT BY THE BALLS. IF YOU CANNOT BEAT A SECTOR , GET IT MUTILATED........THANK YOU MACKAKERN 1982, WILSON,AND THAN FLAHERTY. pmm
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