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RBC Global Asset Management Inc. appoints new sub-advisor and announces fund name changes to enhance transparency for investors
TORONTO, December 17, 2012 - RBC Global Asset Management
Inc. today announced that Guardian Capital LP has been appointed
as sub-advisor of the RBC
Private Core Canadian Equity Pool (the "Pool"). The name
of the Pool will also be changed to RBC Private Canadian Growth
Equity Pool. These changes are effective January 7, 2013.
The investment objectives of the Pool have not changed; however,
the new name more clearly identifies the Pool's investment
strategies and process.
Founded in 1962, Guardian
Capital LP is the institutional investment management
subsidiary of Guardian Capital Group Ltd., a public company
that trades on the Toronto Stock Exchange. Guardian Capital
LP manages over $16.6 billion in assets on behalf of its clients
as of September 30, 2012. Guardian Capital LP offers its investment
management expertise in equity and fixed-income management
to pension funds, institutions, endowment/foundations, charitable
organizations, mutual funds, and high net worth individuals.
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 $270
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$577 billion of assets under administration,
more than C$339 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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