ROYAL EXPANDS FUND OFFERING
By Adnews Staff
Royal Mutual Funds of Toronto will launch a new income fund later this month that offers investors regular monthly pay-outs of tax-effective income and the opportunity for modest capital appreciation. Called Royal Monthly Income Fund, the product will provide investors with monthly pay-outs which target five-year GIC rates and income which can be a combination of interest, dividends and capital gains. The fund has a management fee of 1%. Royal Monthly Income Fund will be promoted using national newspaper and magazine ads created by Taxi Advertising & Design of Toronto. Initiative Media of Toronto will do the media buy. Royal Mutual Funds is a member of the Royal Bank Financial Group. It offers 27 no-load mutual funds, covering a range of investment choices including equity, income and money market funds, as well as major geographic regions such as Canada, U.S., Asia, Europe and Latin America.