RBC Asset Management appoints sub-advisor for RBC Private
U.S. Value Equity Pool
TORONTO, June 30, 2009 — RBC Asset Management
Inc. announced today that effective July 1, 2009, Westwood
Management Corp. (Westwood) has been appointed as sub-advisor
for the RBC Private U.S. Value Equity Pool.
Westwood was founded in 1983 with a focus on serving primarily
institutional clients. The firm manages over US$7 billion
in assets with a value oriented approach to investing in U.S.
large cap, U.S. small and mid (SMID) cap and U.S. small cap
equities.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) comprises RBC Asset
Management Inc. (RBC AM), Phillips, Hager & North Investment
Management Ltd. (PH&N) and Voyageur Asset Management Inc.
Combined, RBC GAM's component companies manage C$90 billion
in IFIC-reported mutual fund assets in Canada and an additional
C$100 billion in other institutional and private client assets
in Canada and the United States. 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. Website:
www.rbcgam.com.
RBC GAM 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 with a full
suite of investment, trust and other wealth management solutions.
The business also provides asset management products and services
directly and through RBC and third-party distributors to institutional
and individual clients, and has more than $480 billion of
assets under administration, more than $230 billion of assets
under management and nearly 4,500 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
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