RBC Global Asset Management launches PH&N
U.S. Multi-Style All-Cap Equity Fund
TORONTO, July 19, 2010— RBC Global Asset
Management (RBC GAM) today announced the launch of PH&N
U.S. Multi-Style All-Cap Equity Fund, the first RBC GAM fund
to bring the U.S. equity expertise of RBC Global Asset Management
(U.S.) Inc. to individual investors in Canada.
"This fund draws on the strength of our investment
management capabilities in Canada and the U.S., bringing together
the time-tested expertise of our U.S. equity teams in one
core investment," said John Montalbano, CEO of RBC Global
Asset Management. "Initially designed as an institutional
solution, the fund will also benefit individual investors
seeking U.S. exposure through a diversified, multi-strategy
U.S. equity fund."
The PH&N U.S. Multi-Style All-Cap Equity Fund is designed
to provide long-term capital growth and comprises five distinct
strategies:
- small-cap core
- mid-cap value
- mid-cap growth
- large-cap value
- large-cap growth
Ray Mawhinney, senior vice-president, U.S. and Global Equities
at RBC Asset Management Inc., will manage the large-cap growth
and mid-cap growth strategies. From RBC Global Asset Management
(U.S.) Inc., Stephen Kylander, vice-president and senior portfolio
manager, will manage the mid-cap value strategy; Michael Spencer,
vice-president and senior portfolio manager, will manage the
large-cap value strategy; and Lance James, managing director
and senior portfolio manager, will manage the small-cap core
strategy.
The PH&N U.S. Multi-Style All-Cap Equity Fund is available
to institutional investors through Series O and to individual
investors through three low-cost fee options: Series D (available
for clients who invest directly through PH&N Investment
Services and discount brokerages, including RBC Direct Investing)
and Series C and F (available through financial advisors).
The management fee for the three series available to individual
investors is outlined in the table below.
| PH&N U.S. Multi-Style All-Cap Equity
Fund - Management Fee |
| Series D |
1.00% |
| Series C |
1.75% |
| Series F |
0.75% |
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.
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 RBC Global Asset Management
(U.S.) Inc. John Montalbano is CEO of RBC AM and PH&N.
RBC GAM group of companies manage approximately $200 billion
in assets, including over $100 billion in IFIC-reported mutual
fund assets in Canada. PH&N won the Lipper Awards for
"Best Overall Fund Group" in 2010 and "Best
Bond Fund Family" in 2007, 2008 and 2010; RBC AM won
the Lipper Awards for "Best Bond Fund Family" in
2009 and "Best Overall Fund Group" in 2007 and 2008.
Website: www.rbcgam.com.
RBC Global Asset Management 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. RBC Wealth Management provides integrated
and diversified international wealth management expertise
and solutions, asset management and trust services to high
net worth individuals and to corporate and institutional clients.
Services provided by RBC Wealth Management consultants, advisors,
private bankers and trust officers include trust and estate
planning, tax advice, discretionary investment management
and investment advisory services, structured solutions, banking,
lending and global custody. RBC Wealth Management has more
than $490 billion of assets under administration, nearly $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:
Yen To,
RBC Global Asset Management Communications, 416 955-5916
Gillian McArdle,
RBC Media Relations, 416 974-5506
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