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RBC Global Asset Management Inc. Announces Private Investment Pool Name Changes to Enhance Transparency for Investors


RBC Global Asset Management Inc. Announces Private Investment Pool Name Changes to Enhance Transparency for Investors

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.

___________________________________________________________________ |OLD NAME |NEW NAME | |__________________________________|________________________________| |RBC Private U.S. Large Cap Equity |RBC Private U.S. Large-Cap Core | |Pool |Equity | | |Pool | |__________________________________|________________________________| |RBC Private U.S. Large Cap Equity |RBC Private U.S. Large-Cap Core | |Currency Neutral Pool |Equity | | |Currency Neutral Pool | |__________________________________|________________________________| |RBC Private U.S. Value Equity Pool|RBC Private U.S. Large-Cap Value| | |Equity | | |Pool | |__________________________________|________________________________| |RBC Private U.S. Value Equity |RBC Private U.S. Large-Cap Value| |Currency |Equity | |Neutral Pool |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.

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

SOURCE: RBC

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2013/19/c6534.html

CO: RBC Global Asset Management ST: Ontario NI: FIN

-0- Aug/19/2013 13:00 GMT

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