TORONTO, June 27, 2016 – RBC Global Asset Management Inc. today announced the following name change to two RBC Funds. These changes will take effect on Thursday, June 30, 2016, upon the renewal of the RBC Funds and RBC Private Pools Simplified Prospectus.
|OLD NAME||NEW NAME|
|RBC U.S. Mid-Cap Equity Fund||RBC U.S. Mid-Cap Growth Equity Fund|
|RBC U.S. Mid-Cap Equity Currency Neutral Fund||RBC U.S. Mid-Cap Growth Equity Currency Neutral Fund|
The investment objectives and strategies of the funds have not changed. The new names more clearly identify the funds' investment processes and the types of investments the funds hold.
Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, PH&N Funds and BlueBay Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers.
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 BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage more than $370 billion in assets and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.