RBC Asset Management Inc. launched a corporate bond fund Thursday.
Processing Content
The Royal Bank of Canada unit says its RBC Global Corporate Bond Fund is for clients looking to enhance yields and diversify their portfolios.
Frank Gambino, a senior portfolio manager for the Toronto company, will manage the fund, which will invest primarily in investment-grade debt. The fund can also invest up to 30% of its assets in high-yield or emerging-market debt. It has a management fee of 1.5% for A Series and 0.75% for F Series.
RBC Asset Management has $48 billion of assets under management.
