RBC Insurance announced June 5 that it is reducing the management fee for seven of its balanced funds within its segregated fund portfolio by 20 basis points. The changes became effective June 5.

"We are pleased to be able to offer this type of fee reduction ensuring lower fees for everyone invested in these funds," says Jean Salvadore, director of Wealth Insurance at RBC Insurance. "Our 20 basis point fee reduction will be available to all existing and new clients, regardless of their portfolio size keeping our funds competitive and easy to understand for clients."

The following table shows which funds will see a fee reduction:

 

 

RBC GIF
Invest Series

RBC GIF
Series 1

RBC GIF
Series 2
 

MER2
Before
Fee
Reduction
(%)

MER2
After Fee
Reduction
(%)

MER2
Before
Fee
Reduction
(%)

MER2
After Fee
Reduction
(%)

MER2

Before
Fee
Reduction
(%)

MER2
After Fee
Reduction
(%)

RBC
Balanced GIF

2.48

2.25

2.79

2.57

2.97

2.74

RBC Conservative
Growth &
Income GIF

2.20

1.99

2.46

2.24

2.61

2.38

RBC
Balanced
Growth &
Income GIF

2.41

2.20

2.60

2.39

2.80

2.59

RBC PH&N
Monthly
Income GIF

2.37

2.15

2.76

2.54

2.88

2.66

RBC Global
Balanced GIF

2.48

2.25

2.72

2.51

2.84

2.62

RBC Select
Conservative
GIP

2.26

2.04

2.64

2.42

2.83

2.61

RBC Select
Balanced
GIP

2.41

2.19

2.70

2.48

2.89

2.67