RBC Asset Management Inc. reduces management fees
TORONTO, April 1, 2008 — RBC Asset Management
Inc. ("RBC AM") today announced that it is reducing
the management fees for the RBC Canadian Short-Term Income
Fund and the RBC Bond Fund to one per cent from 1.15 per cent,
on Series A and Advisor Series versions of these funds. These
changes, which are effective today, reflect the RBC AM commitment
to providing the best value-for-money to its unit holders.
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
$90 billion in assets under management.
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, and provides
asset management and trust products and services directly
and through RBC partners and third-party distributors. RBC
Wealth Management has nearly $500 billion of assets under
administration, more than
$160 billion of assets under management, and more than 3,600
financial consultants, advisors, private bankers and trust
officers.
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For further information, please contacts:
Rina Cortese, RBC Wealth Management, (416) 974-6970
Jackie Braden, Media Relations, RBC, (416) 974-2124
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