RBC Asset Management Inc. joins Social Investment Organization
TORONTO, December 5, 2007 — RBC Asset Management
Inc. ("RBC AM") today became the first bank-owned
mutual fund firm to join the Social Investment Organization
(SIO) as an associate member. SIO is a national, non-profit
association for the socially responsible investment (SRI)
industry in Canada with a primary mandate to promote the use
of social and environmental criteria within the Canadian investment
community.
"We are committed to supporting the development of socially
responsible investing and corporate governance in Canada and
are pleased to join the SIO in its efforts to promote these
considerations," said Brenda Vince, president, RBC Asset
Management Inc.
In a recent SIO report, RBC Asset Management Inc. was recognized
for its track record of voting in support of shareholder resolutions,
as well as its provision of user-friendly voting records at
www.rbcam.com.
"We are pleased to have RBC Asset Management join our
organization and we appreciate their support in promoting
social responsible investing," said Eugene Ellmen, executive
director of the SIO.
A founding member of the Canadian Coalition for Good Governance,
RBC AM has a longstanding commitment to socially responsible
investing and corporate governance. In July 2007, RBC AM introduced
the RBC Jantzi Funds, a socially responsible investing option
for the growing number of investors who believe environmental,
social and governance factors should be primary considerations
in making investment decisions.
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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For further information, please contact:
Rina Cortese, RBC Wealth Management, (416) 974-6970
Jackie Braden, RBC Media Relations, (416) 974-2124
For further information about the Social Investment Organization,
please contact:
(416) 461-6042 or visit www.socialinvestment.ca
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