Royal Mutual Funds Inc. (RMFI) offers mutual funds as a viable investment option. A mutual fund is a fund created from money pooled from several people or groups of people, which is then invested in a diversified asset portfolio. The fund is managed by a professional fund manager. The Royal Bank of Canada (RBC) offers mutual funds, including money market funds, fixed-income funds, equity funds, balanced funds, and other types of mutual funds. RBC's Select Balanced Portfolio is considered Canada's largest mutual fund, with over $38 billion in assets under management.
Mutual funds are available to investors through various channels, including online platforms, phone services, and in-branch appointments. Investors can choose from a range of mutual funds to suit their investment needs and goals, such as growth, conservative investments, or a mix of both. The RBC website provides resources to help investors choose the right mutual fund, including an RBC advisor to help determine the best investments based on individual goals, objectives, and risk tolerance.
With a minimum initial investment, investors can access a professionally managed portfolio, providing convenient access to global capital markets. Mutual funds offer benefits such as professional management, access to markets, diversification, flexibility, and liquidity. However, it is important to consider the associated fees, expenses, and risks involved with mutual fund investments.
Characteristics | Values |
---|---|
Initial Investment | $500 |
Regular Investing Program | $25 per month |
Investment Types | Money market, fixed-income, equity, balanced, and other types of mutual funds |
Accounts | TFSA, FHSA, RRSP, cash or margin account |
Trailing Commission | $0 |
Trade Commission | 1% of the gross trade amount (maximum $50 per trade) |
Commission for Mutual Fund Sell Orders | $0 |
What You'll Learn
Royal Mutual Funds Inc. (RMFI)
RMFI offers a range of mutual funds, including RBC Funds and PH&N Funds. These funds provide investors with access to a diversified portfolio of stocks, bonds, and other securities. The funds are professionally managed, allowing investors to benefit from the expertise of experienced money managers who make investment decisions and monitor the markets on their behalf.
One of the key advantages of investing with RMFI is the flexibility and accessibility it offers. Investors can get started with a professionally managed portfolio for an initial investment of just $500, and they can also establish a regular investing program for as little as $25 per month. RMFI also provides convenient access to global capital markets, including equities and fixed income.
In addition to the investment products, RMFI also offers digital services such as MyAdvisor, which allows clients to view all their investments, track their goals, and connect with an RBC advisor through video or phone at no additional cost.
It is important to note that there may be commissions, trailing commissions, management fees, and expenses associated with mutual fund investments through RMFI. Mutual funds are not guaranteed or insured, and unit values can fluctuate, particularly for funds other than money market funds. Therefore, it is essential for investors to carefully review the Fund Facts/prospectus before investing and be aware of the associated risks.
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RBC Global Asset Management Inc
RBC Global Asset Management's primary role is to meet the needs of its clients through a diverse offering of investment solutions and a broad range of distribution options and networks. The company offers mutual funds, which are an easy way to invest in a pool of stocks, bonds and other securities that is managed on the investor's behalf by an experienced money manager. With a mutual fund, you can get access to a professionally managed portfolio for an initial investment of just $500. You can also establish a regular investing program for only $25 per month.
RBC Global Asset Management's mutual funds provide convenient and risk-appropriate access to the growth potential of global capital markets, including equities and fixed income. Mutual funds also offer diversification, as they invest in a variety of equities, bonds and other holdings, allowing investors to create a balanced and diversified investment portfolio with a relatively modest amount of money.
In addition to mutual funds, RBC Global Asset Management provides other services such as equities, fixed income, cash and asset management, financial planning, and investment advisory services. The company has 23 investment teams located in the United States, Canada, Europe and Asia, each with its own specialized disciplines and accountabilities. RBC Global Asset Management is committed to transparency, value and choice, and strives to be the first choice for its clients.
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Royal Bank of Canada
The Royal Bank of Canada (RBC) is one of the largest banks in Canada and the world, based on market capitalization. RBC offers a range of investment services, including self-directed trading and investing, low-effort and low-cost online investing, and dedicated financial planning.
RBC's self-directed trading and investing service allows clients to call the shots on their investments and take control with comprehensive resources, tools, and support. This service offers investments in stocks, bonds, ETFs, and more through various accounts, such as TFSAs, RRSPs, FHSAs, and non-registered accounts.
For those who prefer a more hands-off approach, RBC offers low-effort and low-cost online investing through RBC InvestEase. With this service, professionals pick, buy, and manage investments on the client's behalf. RBC InvestEase offers a professionally-built portfolio of high-quality ETFs held in a TFSA, FHSA, RRSP, or non-registered account. Clients pay a low annual management fee based on their balance and can easily connect with Portfolio Advisors for personalized advice.
In addition to these services, RBC also provides dedicated financial planning services for clients with complex needs. RBC Wealth Management offers customized investment portfolios designed and managed by personal portfolio managers, along with access to top-tier investment insights, award-winning research, and strategies.
RBC also offers mutual funds through Royal Mutual Funds Inc. (RMFI). Mutual funds provide an easy way to invest in a pool of stocks, bonds, and other investments managed by professional money managers. Mutual funds are a good option for those seeking the expertise of a professional money manager, diversification across various regions and sectors, and convenience.
Overall, RBC provides a wide range of investment services and accounts to meet the needs of its clients, whether they prefer a self-directed or advised approach. With its size, expertise, and range of services, RBC is a trusted brand for those looking to save, invest, and manage their finances in Canada.
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Royal Trust Corporation of Canada
RMFI, along with RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada, and The Royal Trust Company, offer a range of investment products and services, including mutual funds and savings deposits.
In addition, Royal Trust Corporation of Canada is affiliated with RBC Direct Investing Inc., a self-managed investment service that provides tools, research, and information to help clients make their own investment decisions.
RBC Direct Investing offers innovative tools to find and research investment ideas, track progress, and more. It provides access to a range of investment options, including exchange-listed Canadian and US stocks, exchange-traded funds (ETFs), mutual funds, GICs, bonds, and more.
Overall, Royal Trust Corporation of Canada is a key part of the RBC group of companies, offering investment advice, financial planning, and a range of investment products and services to clients.
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The Royal Trust Company
RMFI provides financial planning services and investment advice, and is licensed as a financial services firm in the province of Quebec.
RBC Global Asset Management Inc. is one of Canada's largest mutual fund providers, offering a comprehensive line-up of mutual funds and investment solutions.
Royal Bank of Canada, with a history dating back to 1864, is a leading financial institution that offers a range of investment products, including mutual funds, GICs, and savings accounts.
The Royal Trust Corporation of Canada, along with the other entities, provides a network of services and expertise to support individuals in their investment goals.
With this network, individuals can access a broad range of investment options, including mutual funds, which are an easy and diversified way to invest. Mutual funds pool money from multiple investors to purchase a variety of assets, such as stocks, bonds, and real estate, offering both growth and conservative options.
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Frequently asked questions
A mutual fund is a fund created from money pooled from several people or groups of people, which is then invested in a diversified asset portfolio. The mutual fund is then managed by what is known as a professional fund manager. Mutual funds are called such because several people or entities mutually invest in the fund. The portfolio can include a variety of assets like stocks, bonds, money market funds, or even real estate assets.
Royal Bank of Canada offers a wide range of mutual funds, including money market funds, fixed-income funds, equity funds, balanced funds, and more.
You can buy mutual funds in several ways: through RBC Online Banking, the RBC Mobile app, or by calling or visiting your nearest branch.