RBC Global Services’ investment analytics arm, the Benchmark(TM) Group, today announced the launch of Benchmark Commission Recapture, a product designed to help institutional investors reduce trading costs.
The Benchmark Commission Recapture program rebates a portion of trading brokerage commissions back to institutional funds participating in the program. Clients can execute trades through any participating broker within RBC Global Services’ extensive trading network – in North America and abroad. Rebated commissions are repaid into the fund or can be directed to pay certain fund expenses.
Benchmark Commission Recapture can be used by most institutional investors, including pension plans, endowments, mutual funds and insurance funds.
“Lower market returns are putting pressure on investors. By reducing expenses, Benchmark Commission Recapture can help boost their overall fund performance,” said Fred Francis, vice-president, Securities Finance & Global Products. “Our Commission Recapture service is another example of how RBC Global Services is working to create value for institutional clients.”
As the investment analytics consulting arm of RBC Global Services, the Benchmark Group helps institutional investors manage portfolios more effectively with sophisticated analytic services, including risk management tools, compliance monitoring, performance measurement, and attribution analysis, and has the country’s largest universe of pension plan sponsors for comprehensive peer comparison.