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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Royal Bank of Canada    RY   CA7800871021

ROYAL BANK OF CANADA (RY)
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Royal Bank of Canada : RBC Global Asset Management Inc. Lowers Administration Fees for Certain RBC Funds PH&N Funds

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10/03/2017 | 03:22pm CEST

TORONTO, Oct. 2 -- The Royal Bank of Canada issued the following news release:

RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the reduction of administration fees for certain RBC Funds and PH&N Funds.

RBC GAM Inc. reviews administration fees on an ongoing basis. These reductions are part of our commitment to investors to remain a leader in delivering excellent value to our clients.

The following funds and their applicable series will be reduced effective immediately:

Click here to see the table (http://www.rbc.com/newsroom/news/2017/20171002-gam-fees.html)

In addition, the administration fee for Series O units of the Phillips, Hager & North Overseas Equity Fund; Phillips, Hager & North Currency-Hedged Overseas Equity Fund; Phillips, Hager & North Overseas Equity Pension Trust; and Phillips, Hager & North Global Equity Fund will be reduced to 0.02%. Series O units are for individual investors, institutional clients or dealers who have entered into an agreement directly with RBC GAM Inc. to purchase Series O units

In return for the administration fee, RBC GAM Inc. pays the following operating expenses of a fund: regulatory filing fees, recordkeeping, accounting and fund valuation costs, custody fees, audit and legal fees, the costs of preparing and distributing annual and semi-annual reports, prospectuses, fund facts, statements and other investor communications.

Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, PH&N Funds and BlueBay Funds are offered by RBC GAM Inc. and distributed through authorized dealers. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manages approximately $400 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

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Stocks mentioned in the article
ChangeLast1st jan.
GLOBAL ASSET MANAGEMENT PTY LTD 0.00% 0.57 End-of-day quote.-77.20%
ROYAL BANK OF CANADA -0.09% 101.4 Delayed Quote.-1.13%
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Financials (CAD)
Sales 2018 41 711 M
EBIT 2018 17 856 M
Net income 2018 11 924 M
Debt 2018 -
Yield 2018 3,71%
P/E ratio 2018 12,34
P/E ratio 2019 11,54
Capi. / Sales 2018 3,55x
Capi. / Sales 2019 3,40x
Capitalization 148 B
Chart ROYAL BANK OF CANADA
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Royal Bank of Canada Technical Analysis Chart | RY | CA7800871021 | 4-Traders
Technical analysis trends ROYAL BANK OF CANADA
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 111  CAD
Spread / Average Target 9,5%
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Managers
NameTitle
David I. McKay President, Chief Executive Officer & Director
Kathleen Patricia Taylor Chairman
Bruce Ross Group Head-Technology & Operations
Rod Bolger Chief Financial Officer
Michael H. McCain Independent Director
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