RBC Asset Management Inc. February Sales Results

    TORONTO, March 2 /CNW/ - RBC Asset Management Inc. today announced
February net long term fund sales of $1.329 billion. Money market net sales
were $200 million for a total of $1.529 billion in overall net sales for the
month. For the 12 months ended February 28, 2007, RBC Asset Management
recorded net sales of $7.1 billion, including $5.6 billion in long-term net
sales and $1.5 billion in money market net sales.
    For the period between January 1, 2007 and March 1, 2007, which is
typically defined as the RRSP season, RBC Asset Management had record
long-term net sales of $2.21 billion and money market net sales of $214
million for a total of $2.42 billion in overall net sales.
    Net sales of the RBC Select Portfolios totalled $613 million in February.
Top selling individual funds included the RBC Canadian Dividend Fund with
$153 million in net sales and the RBC O'Shaughnessy International Equity Fund
with $146 million in net sales.

    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 over $78 billion in assets under
management and offices in major financial centres around the world, RBC Asset
Management Inc. is one of Canada's largest money managers. Visit our website
at www.rbcam.com.

For further information:

For further information: Kathy Bevan, Media Relations, (416) 974-8810

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