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Money Management Executive

Canadian Fund Company Adds Share Class

August 17, 2001, 1:00 a.m. EDT 1 Min Read

Royal Mutual Funds will offer a share class of its most popular funds that will be suitable for Canadian financial advisors and planners. The F-Series, which has no sales commissions or trailer fees that are paid to the advisor by the company, is suitable for clients of brokers and fee-based planners.

Royal Mutual Funds is a member company of RBC Investments, the wealth management division of Royal Bank of Canada. It is Canada’s largest no-load fund family, with more than $34 billion in assets, and is also Canada’s second largest mutual fund company, CEO George Lewis said in a statement.

More than 30 funds will have an F-Series share class, including bond, balanced, Canadian and U.S. equity funds, as well as international, regional and sector stock funds. Royal Mutual Funds offers close to 55 funds, according to spokesman Graeme Harris.

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