RBC Global Asset Management has a new set of seven retirement portfolios based on an investor’s expected retirement date.
The portfolios work with the RBC retirement income solution and follow a retirement timeline designed to meet the needs of investors throughout their investing lifetime.
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RBC says they combine investment management expertise with behavioural finance research to diversify investors’ holdings, simplify their choices and manage volatility risk.
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The bank’s asset managing branch has also introduced a retirement resource centre designed to help educate investors about planning for their future.
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The management fees for the RBC retirement portfolios are outlined in the table below.
Fund | Series F | Series FT5 | Series A | Series T5 | Advisor series
(low load) |
RBC Retirement Income Solution | 0.70% | 0.70% | 1.45% | 1.45% | 1.45% |
RBC Retirement 2020 Portfolio | 0.75% | 0.75% | 1.50% | 1.50% | 1.50% |
RBC Retirement 2025 Portfolio | 0.80% | — | 1.80% | — | 1.80% |
RBC Retirement 2030 Portfolio | 0.80% | — | 1.80% | — | 1.80% |
RBC Retirement 2035 Portfolio | 0.80% | — | 1.80% | — | 1.80% |
RBC Retirement 2040 Portfolio | 0.80% | — | 1.80% | — | 1.80% |
RBC Retirement 2045 Portfolio | 0.80% | — | 1.80% | — | 1.80% |
RBC Retirement 2050 Portfolio | 0.80% | — | 1.80% | — | 1.80% |