RBC Global Asset Management Inc. announces changes to U.S. Mid-Cap Equity Funds

TORONTO, Nov. 9, 2012 /CNW/ - RBC Global Asset Management Inc. today announced that, effective Thursday November 15, 2012, portfolio management responsibilities for the RBC U.S. Mid-Cap Equity Fund, the RBC U.S. Mid-Cap Equity Currency Neutral Fund and the RBC Private U.S. Mid-Cap Equity Pool will transition to RBC Global Asset Management (U.S.) Inc. (RBC GAM (U.S.)).

Ken Tyszko, Senior Portfolio Manager for RBC GAM (U.S.), will be the lead manager of the funds. He and his team specialize in U.S. small- and mid-cap growth stocks at RBC GAM (U.S.) and currently manage the mid-cap growth portion of the PH&N U.S. Multi-Style All-Cap Equity Fund.

RBC GAM (U.S.) is the institutional division of RBC GAM group of companies in the U.S. market. Founded in 1983, the firm is a registered investment adviser headquartered in Minneapolis, Minnesota, and has approximately US$40 billion in assets under management. The firm manages U.S. equities, fixed income and money market mandates. Its U.S. equity capabilities range from large to micro cap, as well as across value and growth styles. The firm's institutional clients include corporations, public funds, financial institutions, foundations, endowments as well as private clients across the U.S.

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 $260 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$562 billion of assets under administration, more than C$324 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.

SOURCE: RBC