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RBC Global Asset Management Inc. Announces
Changes to RBC Private Pools
TORONTO, January 24, 2012 —RBC Global Asset
Management Inc. (RBC GAM) today announced changes to the RBC
Private U.S. Growth Equity Pool and the RBC Private Canadian
Growth and Income Equity Pool.
Details of the changes are as follows:
RBC Private U.S. Growth Equity Pool
Effective today, RBC GAM has initiated a search to identify
a replacement sub-advisor for the RBC Private U.S. Growth
Equity Pool. Aletheia Research and Management Inc. will continue
its role as sub-advisor for the Pool until another sub-advisor
is identified. RBC GAM will continue to provide investment
management oversight for the Pool and manage the transition
to ensure consistency for the unitholders.
RBC Private Canadian Growth and Income Equity Pool
Effective February 27, 2012, the RBC Private Canadian Growth
and Income Equity Pool will re-open for new purchases. Re-opening
the Pool will allow existing investors to add to their holdings
and enable new investors to purchase the Pool for the first
time.
About RBC Global Asset Management and
RBC Wealth Management
RBC Global Asset
Management (RBC GAM) is the asset management division
of Royal Bank of Canada (RBC), and includes institutional
money managers BlueBay Asset Management, Phillips, Hager &
North Investment Management (PH&N) and RBC Global Asset
Management (U.S.). RBC GAM is a provider of global investment
management services and solutions to individual, high-net-worth
and institutional investors through exchange-traded funds,
hedge funds, mutual funds, pooled funds, segregated accounts
and specialty investment strategies. RBC GAM group of companies
manage approximately $250 billion in assets and have approximately
1,000 employees located across Canada, the United States,
Europe and Asia.
RBC Global Asset Management is part of RBC
Wealth Management which is one of the world's top 10 largest
wealth managers. RBC Wealth Management directly serves affluent,
high-net-worth and ultra high-net-worth clients in Canada,
the United States, Latin America, Europe, the Middle East,
Africa and Asia with a full suite of banking, 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
business (which includes BlueBay Asset Management). RBC Wealth
Management has more than C$525 billion of assets under administration,
more than C$305 billion of assets under management and approximately
4,300 financial consultants, advisors, private bankers and
trust officers.
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For more information, please contact:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498
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