RBC Global Asset Management Inc. announces sub-advisor changes to five U.S. equity funds

TORONTO, Nov. 16, 2016 /CNW/ - RBC Global Asset Management Inc. today announced that on or about November 30, 2016, portfolio management responsibilities for RBC Private U.S. Large-Cap Core Equity Pool, RBC Private U.S. Large-Cap Core Equity Currency Neutral Pool, PH&N Currency-Hedged U.S. Equity Fund, PH&N U.S. Equity Fund and PH&N U.S. Growth Fund will transition from RBC Global Asset Management (U.S.) Inc. to RBC Global Asset Management Inc.

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, BlueBay Funds and PH&N 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 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 $385 billion and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management

For further information: Leah Commisso, RBC GAM Corporate Communications, 416-955-6498, leah.commisso@rbc.com

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