RBC Asset Management amends the investment strategies of the RBC Private O'Shaughnessy Canadian Equity Pool and the RBC Private O'Shaughnessy U.S. Growth Equity Pool



    TORONTO, Dec. 17 /CNW/ - RBC Asset Management Inc. today announced that
it is amending the investment strategies of the RBC Private O'Shaughnessy
Canadian Equity Pool and the RBC Private O'Shaughnessy U.S. Growth Equity
Pool, effective January 14, 2008. Both Pools are sub-advised by O'Shaughnessy
Asset Management.
    The investment objectives for both Pools remain the same, and the Pools
will continue to follow the time-tested strategies developed by Jim
O'Shaughnessy to select securities with the strongest investment potential.
The strategies are being amended to align these Pools with the RBC
O'Shaughnessy All-Canadian Equity Fund and the RBC O'Shaughnessy U.S. Growth
Fund II to be launched in early 2008. The Pools are currently only available
through RBC Managed Portfolios.

    About RBC Asset Management

    RBC Asset Management Inc. is an indirect, wholly owned subsidiary of
Royal Bank of Canada. RBC Asset Management Inc. provides a broad range of
investment services to investors through mutual funds, pooled funds and
separately managed portfolios. With offices in major financial centres around
the world, RBC Asset Management Inc. is one of Canada's largest money managers
and has over $87 billion in assets under management.
    The RBC Asset Management mutual fund family was awarded the "Best Overall
Fund Group" in Canada for 2007 by Lipper Inc. The prestigious award is part of
a global program of events held by Lipper in 21 countries to highlight funds
and fund families that excel in delivering consistently strong risk-adjusted
performance relative to their peers. Visit our website at www.rbcam.com.
    RBC Asset Management is part of RBC Wealth Management which directly
serves affluent and high net worth clients in Canada, the United States, Latin
America, Europe and Asia, provides asset management and trust services through
RBC partners and third-party distributors and has over $500 billion of assets
under administration, 3,500 financial advisors and $150 billion of assets
under management.





For further information:

For further information: Rina Cortese, RBC Wealth Management, (416)
974-6970


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