TORONTO, Aug. 19, 2013 /CNW/ - RBC Global Asset Management Inc.
announced the following RBC Private Pools will change their names,
effective today, upon the renewal of the RBC Private Pools 2013
Simplified Prospectus.
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OLD NAME
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NEW NAME
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RBC Private U.S. Large Cap Equity Pool
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RBC Private U.S. Large-Cap Core Equity
Pool
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RBC Private U.S. Large Cap Equity
Currency Neutral Pool
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RBC Private U.S. Large-Cap Core Equity
Currency Neutral Pool
|
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RBC Private U.S. Value Equity Pool
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RBC Private U.S. Large-Cap Value Equity
Pool
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RBC Private U.S. Value Equity Currency
Neutral Pool
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RBC Private U.S. Large-Cap Value Equity
Currency Neutral Pool
|
These are name changes only. The investment objectives and strategies of
the pools have not changed. The new names more clearly identify the
pools' investment process and the types of investment the pools hold.
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 $290 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$604 billion of assets under administration, more than C$369
billion of assets under management and over 4,400 financial
consultants, advisors, private bankers, and trust officers. For more
information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the
United States, securities are offered through RBC Wealth Management, a
division of RBC Capital Markets, LLC, a wholly owned subsidiary of
Royal Bank of Canada. Member NYSE/FINRA/SIPC.
SOURCE: RBC
Matt Gierasimczuk, RBC GAM Communications, 416 974-2124,
matthew.gierasimczuk@rbc.com
Leah Commisso, RBC GAM Media Relations, 416 955-6498, leah.commisso@rbc.com
Copyright CNW Group 2013