The U.S. arm of RBC Global Asset Management (GAM) announced a few improvements to its services. The firm will reduce its U.S. mutual fund fees and alter two RBC BlueBay funds. It will also launch two funds for U.S. investors: the RBC Emerging Markets Value Equity Fund and the RBC Impact Bond Fund.
RBC’s fee reduction applies to 90% of its product suite, or eight mutual funds, and it is below the industry median.
“As we continue to grow our presence in the U.S. market, our teams continually seek to align our product offerings with changing industry dynamics and needs,” said Mike Lee, the CEO of RBC Global Asset Management in the U.S.