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News Releases

 

RBC Asset Management terminates sub-advisor for RBC Private U.S. Value Equity Pool

TORONTO, May 4, 2009 — RBC Asset Management Inc. today announced that it has begun a search to identify a replacement sub-advisor for its RBC Private U.S. Value Equity Pool ("the pool"). Boyar Asset Management Inc. will continue its role as sub-advisor on the pool until another sub-advisor is identified. RBC Asset Management will continue to provide investment management oversight for the pool to ensure a smooth transition.

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 won the Lipper Awards for "Best Bond Fund Family" in 2009 and "Best Overall Fund Group" in 2007 and 2008; PH&N won for "Best Bond Fund Family" in 2007 and 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.

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For more information, please contact:
Chris Dotson,
RBC Global Asset Management Communications,
(604) 408-6009

Jackie Braden,
RBC Media Relations, (416) 974-2124


 


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05/04/2009 09:02:39