RBC Global Asset Management Inc. announces new RBC Conservative Growth & Income Fund

TORONTO, Jan. 26, 2015 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of RBC Conservative Growth & Income Fund, a portfolio of mutual funds that is built from award-winning fixed income and equity income expertise and combines the strength of RBC Funds, PH&N Funds and BlueBay Funds.

"In today's rapidly changing market, clients are searching for products that provide them with steady income and growth in a variety of market conditions," said Doug Coulter, president, RBC GAM Inc. "The RBC Conservative Growth & Income Fund provides investors with a conservative yet diverse global asset mix to lessen volatility while enhancing income and return potential."

RBC Conservative Growth & Income Fund is suitable for investors with a medium to long-term investment horizon who are looking for downside protection, low volatility and steady growth.

RBC Conservative Growth & Income Fund is available to individual investors through six options: Series A; Advisor Series; Series F (available via financial advisors); Series H (high net worth); Series I (high net worth); and Series T5.

The management fee for the fund is outlined in the table below.

RBC Conservative Growth & Income Fund is also available to institutional investors through Series O.

Please read the prospectus 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.

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 C$350 billion in assets and have approximately 1,200 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 Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$690 billion of assets under administration, more than C$426 billion of assets under management and approximately 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 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