RBC GAM to cut fees on 85 funds

RBC Global Asset Management will reduce fees by up to 15 basis points on 85 of its mutual funds as of June 30, 2016.

In addition, its ‘High Net Worth’ fund series (Series H and I) will be phased out beginning on or about June 30, 2016. Certain series H and I units or shares will be re-designated to the corresponding Series A, C, and F units or shares, the majority of which will have management fees and administration fees equal to or lower than current H and I levels, once the fee reductions are implemented. The remaining H and I series funds will be capped (and no longer available for purchases by new investors) or closed.

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