New RBC Emerging Markets Fund offers Canadian investors opportunities and
diversification beyond "BRIC"

TORONTO, April 19 /CNW/ - RBC Asset Management Inc. (RBC AM) today announced that the RBC Emerging Markets Fund is now available to Canadian investors. The fund is appropriate for investors with a long-term focus, who are seeking global diversification and access to high quality emerging market opportunities.

"We have invested a great deal of resources and due diligence into our emerging markets strategy and we are excited to be offering it to Canadian investors," said Doug Coulter, president of RBC AM. "The new RBC Emerging Markets Fund provides investors with a low-fee emerging market investment that is a distinct concentrated portfolio of high-quality companies broadly diversified beyond the typical offerings of Brazil, Russia, India and China ('BRIC')."

The fund is managed by Phil Langham, senior portfolio manager and head of the Emerging Markets Team for RBC Global Asset Management. The team is based in London, England, which is considered to be the global centre of emerging markets investment management. The team takes a disciplined approach to investing in businesses in sectors with solid long-term prospects and exposure to domestic growth, such as financials and consumer-oriented companies.

"Our stock selection process focuses on high-quality companies with characteristics such as higher-than-average profitability and stronger balance sheets," added Langham. "Based on where we are in the current economic and market cycles, we believe this is a compelling time for investors seeking emerging market exposure."

The RBC Emerging Markets Fund offers some of the lowest management fees among actively managed funds in the emerging markets category in Canada (1.85 per cent for Series A and Advisor Series units, 1.00 per cent for Series D units, and 0.75 per cent for Series F units).

Please consult your advisor and 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. RBC Funds are offered by RBC Asset Management Inc. and distributed through authorized dealers.

About RBC Global Asset Management and RBC Wealth Management

RBC Global Asset Management (RBC GAM) comprises RBC Asset Management Inc. (RBC AM), Phillips, Hager & North Investment Management Ltd. (PH&N) and RBC Global Asset Management (U.S.) Inc. RBC GAM group of companies manage approximately $200 billion in assets, including over $100 billion in IFIC-reported mutual fund assets in Canada. PH&N won the Lipper Awards for "Best Overall Fund Group" in 2010 and "Best Bond Fund Family" in 2007, 2008 and 2010; RBC AM won the Lipper Awards for "Best Bond Fund Family" in 2009 and "Best Overall Fund Group" in 2007 and 2008. Website: www.rbcgam.com.

RBC Global 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 with a full suite of 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, and has more than $490 billion of assets under administration, more than $240 billion of assets under management and more than 4,500 financial consultants, advisors, private bankers and trust officers.

For further information: Yen To, RBC Global Asset Management Communications, [phone]; Matt Gierasimczuk, RBC Media Relations, [phone]