RBC Asset Management re-opens RBC O'Shaughnessy Canadian
Equity Fund and RBC O'Shaughnessy U.S. Growth Fund
TORONTO, November 16, 2009 — RBC Asset Management
Inc. announced that effective today RBC O'Shaughnessy Canadian
Equity Fund and RBC O'Shaughnessy U.S. Growth Fund will re-open
to new purchases.
Re-opening the Funds will allow existing investors to add
to their holdings and enable new investors to purchase the
Funds for the first time. Based on the Funds' current assets
under management, there is sufficient capacity to re-open
them to investors.
RBC O'Shaughnessy Canadian Equity Fund has been closed since
January 19, 2007. RBC O'Shaughnessy U.S. Growth Fund has been
closed since June 30, 2006.
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 approximately
$200 billion in assets in Canada and the United States, including
over $100 billion in IFIC-reported mutual fund assets in Canada.
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 through its RBC Global Asset Management
division, and has more than $490 billion of assets under administration,
more than $240 billion of assets under management and more
than 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
Matthew Gierasimczuk,
RBC Media Relations,
(416) 974-2124
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