RBC Global Asset Management has launched a monthly income bond fund, a diversified portfolio of bond mutual funds from two bond fund providers: PH&N Funds and RBC Funds.

"The RBC Monthly Income Bond Fund has a conservative profile that offers investors a one-decision, fixed-income investment solution. Investors benefit from the active management of two fixed-income teams, a portfolio that is regularly rebalanced and a monthly distribution with a payout rate of approximately three per cent," said Sarah Riopelle, portfolio manager at RBC GAM.

This fund of funds is appropriate for investors seeking exposure to a diversified portfolio of fixed-income securities and a source of regular monthly income, the firm said. It is suitable for investors who can tolerate fluctuations in the value of their investments. Individual investors can purchase the RBC Monthly Income Bond Fund through four low management fee options: 0.65 per cent for Series D, 1.0 per cent for Series A, 1.0 per cent for Advisor Series and 0.5 per cent for Series F.

RBC Global Asset Management’s group of companies manages approximately $200 billion in assets, including over $100 billion in IFIC-reported mutual fund assets in Canada.