Modifies two RBC Funds

January 25, 2012 | In: Investment News

RBC Global Asset Management announces changes to RBC Private U.S. Growth and RBC RBC Private Canadian Growth and Income RBC.

RBC seeks to replace the sub-advisor for RBC Private U.S. Growth RBC. Aletheia Research and Management will continue to perform that function until a new sub-advisor is chosen. RBC will continue to oversee the investment management of the portfolio to ensure a smooth transition.

In addition, effective February 13, 2012, the Equity Private Canadian Growth and Income RBC will be reopened to new investments. The reopening of the fund will allow investors to increase their existing holdings and new customers to acquire shares of the portfolio.

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