RBC Asset Management launches RBC Select
Very Conservative Portfolio: a new option for risk-averse
investors seeking an alternative to cash
TORONTO, March 9, 2009 — RBC Asset Management
Inc. (RBC AM) today announced the launch of the RBC Select
Very Conservative Portfolio. This new addition to the RBC
Select Portfolios line-up is designed for investors seeking
a high degree of capital preservation and the potential for
modest capital growth.
"Given the market declines of the past year and the
uncertain economic environment, many investors today are sitting
on the sidelines in GICs or other near-cash investments,"
said Doug Coulter, president, RBC AM. "The RBC Select
Very Conservative Portfolio offers a low-risk solution for
investors who are concerned about market volatility but also
understand the need for some exposure to growth investments
in order to reach their goals."
The RBC Select Very Conservative Portfolio invests primarily
in fixed-income securities with a small amount of equities
to generate growth and provide some protection against inflation.
It has the most conservative asset mix within the five RBC
Select Portfolios line-up, with a target asset mix of 80 per
cent fixed income and 20 per cent equities. It is also the
first RBC Select Portfolio to include Phillips, Hager &
North funds in its holdings, bringing together two of Canada's
leading fund families in a single, actively managed investment.
Launched in 1986 as one of the first portfolio solutions
offered in Canada, the RBC Select Portfolios line-up now includes
five asset mix options with combined assets under management
of $9.5 billion. All are eligible for registered and non-registered
accounts, with a minimum initial investment of $5,000.
About RBC Asset Management, Phillips, Hager & North
and RBC Wealth Management
Combined, RBC Asset Management Inc. (RBC AM) and Phillips,
Hager & North Investment Management Ltd. (PH&N) have
$90 billion in IFIC-reported mutual fund assets under management
and an additional $50 billion in other institutional and private
client assets under management. RBC AM and PH&N received
the Lipper Awards for "Best Overall Fund Group"
and "Best Bond Family" in Canada respectively for
the second consecutive year in 2008.
RBC AM and PH&N are part of RBC Wealth Management, which
directly serves affluent and high net worth clients in Canada,
the United States, Latin America, Europe and Asia. RBC Wealth
Management also provides asset management and trust products
and services directly and through RBC and third-party distributors
to all client segments, and has more than $450 billion of
assets under administration, more than C$220 billion of assets
under management and more than 4,000 financial consultants,
advisors, private bankers and trust officers.
Please read the prospectus before investing. There may be
commissions, trailing commissions, management fees and expenses
associated with mutual fund investments. Mutual funds are
not guaranteed, their values change frequently and past performance
may not be repeated.
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RBC Global Asset Management Communications,
RBC Media Relations,