RBC Global Asset Management Inc. appoints RBC Global Asset Management (UK) Limited as sub-advisor for three funds

TORONTO, June 1, 2016 /CNW/ - RBC Global Asset Management Inc. today announced the appointment of RBC Global Asset Management (UK) Limited (RBC GAM-UK) as sub-advisor for the RBC International Dividend Growth Fund, the RBC Global Dividend Growth Fund and the RBC Global Dividend Growth Currency Neutral Fund. This change will take effect on or about July 8, 2016.

RBC GAM-UK is a wholly-owned subsidiary of Royal Bank of Canada. Headquartered in London, RBC GAM-UK specializes in global, European and emerging market equities, as well as global and emerging markets fixed income. RBC GAM-UK employs 59 investment professionals and staff and manages approximately C$16 billion on behalf of institutional and individual investors (data as of March 31, 2016).

RBC Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Please 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.

About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage more than $380 billion in assets and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management

Leah Commisso, RBC GAM Corporate Communications, 416-955-6498, [email protected]