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RBC Global Asset Management Inc. caps RBC Private
Canadian Growth and Income Equity Pool
TORONTO, August 9, 2012 — RBC Global Asset Management
Inc. today announced the following change to the RBC Private
Canadian Growth and Income Equity Pool.
Effective immediately, the RBC Private Canadian Growth and
Income Equity Pool (the Pool) will be capped to new investors.
The Pool is sub-advised by Greystone Managed Investments Inc.This
change will not affect existing investments in the Pool. Current
investors can continue to make additional investments into
the Pool. Purchases through automatically reinvested distributions
will continue unless an investor instructs their dealer otherwise.
The Pool has been capped to maintain the disciplined investment
management approach and to ensure the managers are able to
fulfill the mandate over the long term.
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 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, separate accounts and specialty investment
strategies. RBC GAM group of companies manage more than $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$560 billion of assets under administration,
more than C$322 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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