No fos­sil fu­els for RBC fund

Investment Executive - - FOCUS ON PRODUCTS -

Toronto-based RBC Global As­set Man­age­ment Inc. (RBCGAM) has launched a fund fo­cused on so­cially re­spon­si­ble in­vest­ing. RBC Vi­sion Fos­sil Fuel Free Global Equity Fund in­vests in eq­ui­ties from around the world, but avoids com­pa­nies that are di­rectly in­volved in ex­tract­ing, pro­cess­ing or trans­port­ing coal, oil or nat­u­ral gas. The fund also uti­lizes an ex­clu­sion list based on The Car­bon Un­der­ground 200, which ranks the top pub­licly traded coal, oil and gas com­pa­nies based on the po­ten­tial car­bon emis­sions of their re­serves. The fund is part of RBC’s suite of Vi­sion Funds and is man­aged by RBCGAM’s global eq­ui­ties team in London, Eng­land. Ad­vi­sor com­mis­sions are 0%-5% for front-end sales or 1% for the low-load op­tion. Re­demp­tion fees be­gin at 2% in Year 1 and end at zero af­ter Year 2 of the low-load sched­ule. Trail­ing com­mis­sions are 1% for both sales op­tions. Man­age­ment fees are 1.75% for ad­vi­sor-class units and 0.75% for F-class units. Min­i­mum in­vest­ment is $500.

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