RBC Asset Management reduces management fee on RBC DS North
American Focus Fund and RBC DS Canadian Focus Fund
TORONTO, October 27, 2006 — RBC Asset Management
Inc. announced today that it is reducing the management fee
on the RBC DS North American Focus Fund and the RBC DS Canadian
Focus Fund, effective November 1, 2006. These Funds are available
exclusively through RBC Dominion Securities Inc.
| Name of Fund |
Series
|
Old Management
Fee
|
New Management
Fee
|
| RBC DSNorth American Focus Fund |
Advisor
|
2.00%
|
1.85%
|
| RBC DS Canadian Focus Fund |
Advisor
|
2.00%
|
1.85%
|
|
|
|
|
| Name of Fund |
Series
|
Old Management
Fee
|
New Management
Fee
|
| RBC DS North American Focus Fund |
F
|
0.85%
|
0.75%
|
| RBC DS Canadian Focus Fund |
F
|
0.85%
|
0.75%
|
About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary
of Royal Bank of Canada. RBC Asset Management Inc. provides
a broad range of investment services to investors through
mutual funds, pooled funds and separately managed portfolios.
With over $67 billion in assets under management and offices
in major financial centres around the world, RBC Asset Management
Inc. is one of Canada's largest money managers. Visit our
website at www.rbcfunds.com.
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For further information, please contact:
Kathy Bevan, media relations, 416-974-8810
|
