RBC Global Asset Management Inc. announces Pool closure
TORONTO, July 24, 2015 /CNW/ - RBC Global Asset Management Inc. today
announced that the RBC Private O'Shaughnessy U.S. Growth Equity Pool
(the "Pool") will close on October 30, 2015.
Unitholders may redeem or switch their holdings in the Pool until market
close on October 30, 2015, at which time any remaining units will be
redeemed and the proceeds distributed to unitholders. In the case of
registered plans, the redemption proceeds will remain within the plan.
The Pool is being closed as a result of its small size and duplication
with existing investment mandates.
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 Global Asset Management 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 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 GAM business. RBC Wealth Management
has more than C$767 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
For further information:
Leah Commisso, RBC GAM Corporate Communications, 416-955-6498
