RBC Global Asset Management launches new shares.
BANKING AND CREDIT NEWS-November 29, 2016-RBC Global Asset Management launches new shares
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RBC Global Asset Management (US) Inc. has announced the launch of new Class R6 shares across six mutual funds, the company said.
Class R6 shares are intended to provide a greater level of fee transparency to investors in the retirement plan marketplace, particularly compared to institutional share classes.
The Class R6 shares will not pay any form of intermediary compensation, such as shareholder servicing or sub-transfer agency fees for services provided to the accounts.
RBC Global Asset Management is a provider of global investment management services and solutions to individual, high-net-worth, and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. Its group of companies manages more than USD295 billion USD and have approximately 1,300 employees located across Canada, the United States, Europe, and Asia.
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