RBC Asset Management appoints sub-advisor for RBC Private
U.S. Small Cap Equity Pool
TORONTO, April 7, 2008 — RBC Asset Management
Inc. announced today that effective April 14, 2008, Kennedy
Capital Management (KCM) has been appointed as sub-advisor
for the RBC Private U.S. Small Cap Equity Pool.
KCM was founded in 1980 with a focus on investing in small
to mid cap securities on behalf of high net worth individuals.
KCM manages approximately US$4 billion in assets across several
small cap and mid cap equity strategies.
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 $92 billion in assets under management.
For the second consecutive year, RBC Asset Management Inc.
has been named "Best Overall Fund Group" in Canada
by Lipper Inc. The coveted 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. In 2008,
RBC Asset Management also received four other Lipper awards
over various time periods in the Global Fixed Income and U.S.
Small/Mid Caps equity categories for the RBC Global Bond Fund
(one-year), RBC U.S. Mid-Cap Equity Fund (three-year) and
RBC O'Shaughnessy U.S. Growth Fund (five- and ten-year). In
addition to the five Lipper Awards, RBC Asset Management was
also recognized at the 2007 Canadian Investment Awards, where
the RBC Global Resources Fund was named the top natural resource
equity fund in Canada. For further information regarding RBC
Asset Management, visit 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, 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 assets under management,
and more than 3,600 financial consultants, advisors, private
bankers and trust officers.
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For further information, please contact:
Beja Rodeck, RBC, Media Relations, (416) 974-5506