TORONTO, Dec. 5 /CNW/ - RBC Asset Management Inc. ("RBC AM") today became
the first bank-owned mutual fund firm to join the Social Investment
Organization (SIO) as an associate member. SIO is a national, non-profit
association for the socially responsible investment (SRI) industry in Canada
with a primary mandate to promote the use of social and environmental criteria
within the Canadian investment community.
"We are committed to supporting the development of socially responsible
investing and corporate governance in Canada and are pleased to join the SIO
in its efforts to promote these considerations," said Brenda Vince, president,
RBC Asset Management Inc.
In a recent SIO report, RBC Asset Management Inc. was recognized for its
track record of voting in support of shareholder resolutions, as well as its
provision of user-friendly voting records at www.rbcam.com.
"We are pleased to have RBC Asset Management join our organization and we
appreciate their support in promoting social responsible investing," said
Eugene Ellmen, executive director of the SIO.
A founding member of the Canadian Coalition for Good Governance, RBC AM
has a longstanding commitment to socially responsible investing and corporate
governance. In July 2007, RBC AM introduced the RBC Jantzi Funds, a socially
responsible investing option for the growing number of investors who believe
environmental, social and governance factors should be primary considerations
in making investment decisions.
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 $84 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
For further information:
For further information: Rina Cortese, RBC Wealth Management, (416)
974-6970; Jackie Braden, RBC Media Relations, (416) 974-2124; For further
information about the Social Investment Organization, please contact: (416)
461-6042, or visit www.socialinvestment.ca