New retirement portfolio funds launched

New retirement portfolio funds launched

New retirement portfolio funds launched RBC Global Asset Management has launched a new suite of investment solutions geared toward those saving for retirement. The RBC Retirement Portfolios consist of seven fund portfolios. Except for the Retirement Income Solution, the funds are tailored to meet clients’ needs throughout their investing lifetime based on their expected retirement date. The funds have been created using investment management expertise and behavioral finance research, aiming for diversified holdings, streamlined choices, and managed risk to help investors focus on the long term.

"We are proud to continue to provide Canadian investors with award-winning investment management and the tools to help them reach their financial goals in a constantly changing retirement landscape," said Doug Coulter, president of RBC GAM.

As a complement to the new product line, RBC GAM has also launched the Retirement Resource Centre, which has been engineered to help educate investors in planning for their future.

According to a release from the company, the management fees for the RBC Retirement Portfolios are as follows:
Fund Series F Series FT5 Series A Series T5 Advisor Series
(Low Load)
RBC Retirement Income Solution 0.70% 0.70% 1.45% 1.45% 1.45%
RBC Retirement 2020 Portfolio 0.75% 0.75% 1.50% 1.50% 1.50%
RBC Retirement 2025 Portfolio 0.80% -- 1.80% -- 1.80%
RBC Retirement 2030 Portfolio
RBC Retirement 2035 Portfolio
RBC Retirement 2040 Portfolio
RBC Retirement 2045 Portfolio
RBC Retirement 2050 Portfolio

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  • truthseeker 2016-12-13 1:16:20 PM
    These are just target date funds wrapped in the "Retirement Portfolio" name, there is nothing new or interesting here. I suppose RBC felt they had to come to the table (albeit late) as BMO and TD are leading the way in this space. RBC hasnt done anything new or great here and they havent done anything different than they already do with their existing fund lineup. Its a marketing gimmick from the bloated big blue bank. BMO actually built an entirely new structure and built holdings specifically for their Retirement portfolios. TD has done something similar in building their retirement portfolios. Nobody wants another target date fund, whoever thought this was a good idea for the retirement space should be demoted and needs a reality check as the world wants innovation not more of the same.
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