RBC Asset Management amends the investment strategies of
the RBC Private O'Shaughnessy Canadian Equity Pool and the
RBC Private O'Shaughnessy U.S. Growth Equity Pool
TORONTO, December 17, 2007 — RBC Asset Management
Inc. today announced that it is amending the investment strategies
of the RBC Private O'Shaughnessy Canadian Equity Pool and
the RBC Private O'Shaughnessy U.S. Growth Equity Pool, effective
January 14, 2008. Both Pools are sub-advised by O'Shaughnessy
Asset Management.
The investment objectives for both Pools remain the same,
and the Pools will continue to follow the time-tested strategies
developed by Jim O'Shaughnessy to select securities with the
strongest investment potential. The strategies are being amended
to align these Pools with the RBC O'Shaughnessy All-Canadian
Equity Fund and the RBC O'Shaughnessy U.S. Growth Fund II
to be launched in early 2008. The Pools are currently only
available through RBC Managed Portfolios.
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 $87 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
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