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News Releases


RBC Asset Management Inc. September sales results

TORONTO, October 2, 2007 — RBC Asset Management Inc. today announced September net long term fund sales of $284 million. Money market funds had net sales of $46 million for a total of $330 million in overall net sales for the month. RBC Asset Management net sales results for the 12 months ended September 30, 2007 were
$7.1 billion, including $6.2 billion in long-term net sales and $0.9 billion in money market net sales. Assets under management have increased by $13.2 billion or 20 per cent over the same period.

"Our September results reflect a solid start to the fall investment season," said Brenda Vince, president, RBC Asset Management. "Income oriented solutions were strong sellers. The RBC Tax Managed Return Fund, a popular choice for income investors, was our top selling fund with over $29 million in net sales. Our two RBC Cash Flow Portfolio Funds totalled over $26 million in net sales for the month."

Net sales of the RBC Select Portfolios totalled $131 million in September and now exceed $10.1 billion in assets under management.

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 offices in major financial centres around the world, RBC Asset Management Inc. is one of Canada's largest money managers and has over $84 billion in assets under management.

The RBC Asset Management mutual fund family was awarded the "Best Overall Fund Group" in Canada for 2007 by Lipper Inc. The prestigious award is part of a global program of events held by Lipper in 21 countries to highlight funds and fund families that excel in delivering consistently strong risk-adjusted performance relative to their peers. Visit our website at www.rbcam.com.

RBC Asset Management is part of RBC Wealth Management which directly serves affluent and high net worth clients in Canada, the United States, Latin America, Europe and Asia, provides asset management and trust services through RBC partners and third-party distributors and has over $500 billion of assets under administration, 3,500 financial advisors and $150 billion of assets under management.

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Media contacts:
Rina Cortese, RBC Wealth Management, (416) 974-6970
Jackie Braden, RBC Media Relations, (416) 974-2124


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10/02/2007 15:28:51