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News Releases

 

RBC introduces new fund-linked GICs

Secure investments with growth potential

TORONTO, May 12, 2008 — RBC is expanding its suite of Market Access GICs to include two new fund-linked GICs— the RBC Canadian Dividend Fund-Linked GIC and the RBC O'Shaughnessy International Equity Fund-Linked GIC, which will provide additional options for clients who are looking for a secure investment with growth potential.

"These new GICs are part of our ongoing commitment to provide investors with choices and solutions to help them achieve their goals," said Max Thompson, head, GICs and Savings, RBC. "By providing principal protection and growth in one simple solution, fund-linked GICs offer investors the best of both worlds— the security of a GIC and the growth potential associated with equity markets."

The new RBC Canadian Dividend Fund-Linked GIC and the RBC O'Shaughnessy International Equity Fund-Linked GIC are 100 per cent principal- protected and provide returns linked to the performance of the RBC Canadian Dividend Fund and the RBC O'Shaughnessy International Equity Fund, respectively. Both mutual funds have delivered consistently strong relative performance over the long term and are managed by RBC Asset Management, recently recognized by Lipper as the Best Overall Fund Group in Canada for 2007 and 2008. The fund-linked GICs carry a five-year term, are Canada Deposit Insurance Corporation (CDIC) eligible and available for non-registered portfolios.

The launch of the RBC Fund-linked GICs broadens the RBC Market Access GIC line-up, which also includes the Canadian Market-Linked GIC, providing exposure to the S&P/TSX 60 index and the Global Market-Linked GIC, providing exposure to a collection of major international stock market indices.

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Media contact/For more information, please contact:
Jackie Braden, (416) 974-2124


 



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05/12/2008 09:30:27