TORONTO, June 24, 2015 /CNW/ - RBC Global Asset Management Inc. (RBC GAM
Inc.) today announced changes to the risk ratings of three RBC funds.
These changes will be reflected in the renewal of the simplified
prospectus of the RBC Funds and RBC Private Pools, which is scheduled
to be filed on or about June 24, 2015.
RBC GAM Inc. follows a risk classification methodology based on the
approach recommended by the Investment Funds Institute of Canada. Each
fund's risk rating is reviewed on an annual basis, or when the fund
undergoes a material change. The changes announced today are the result
of an annual review. No material changes have been made to the
investment objectives, strategies or management of the affected funds.
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FUND
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CURRENT RATING
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NEW RATING
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RBC O'Shaughnessy U.S. Growth Fund
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Medium to High
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High
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RBC O'Shaughnessy U.S. Growth Fund II
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Medium to High
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High
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RBC Private O'Shaughnessy U.S. Growth Equity Pool
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Medium to High
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High
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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 and Phillips, Hager & North Investment Management. RBC GAM
is a provider of global investment management services and solutions to
individual, high-net-worth and institutional investors through mutual
funds, exchange-traded funds, hedge funds, pooled funds, separate
accounts and specialty investment strategies. RBC GAM group of
companies manage more than $380 billion and have approximately 1,300
employees located across Canada, the United States, Europe and Asia.
RBC GAM is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC
Wealth Management directly serves affluent, high-net-worth and
ultra-high net worth clients globally with a full suite of banking,
investment, trust and other wealth management solutions, from our key
operational hubs in Canada, the United States, the British Isles, and
Asia. 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 GAM business. RBC Wealth
Management has more than C$747 billion of assets under administration,
more than C$481 billion of assets under management and approximately
4,100 financial consultants, advisors, private bankers, and trust
officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2014. 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
