RBC Global Asset Management Inc. launches new US$ fund offerings

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RBC Global Asset Management Inc. launches new US$ fund offerings

TORONTO, July 27, 2015 /CNW/ - RBC Global Asset Management Inc. (RBC GAM
Inc.) today announced the launch of 15 new U.S. dollar options of
existing RBC Funds.

Today's launch brings RBC GAM Inc.'s suite of US$ funds to 28, giving
investors even greater flexibility to invest their U.S. dollars and
limit their currency exposure. These new solutions cover a range of
investor needs - from emerging markets fixed income to low-volatility
equity and conservative portfolio solutions.

These new Funds are available to individual investors through three
options: Series A; Advisor Series; and Series F (available via
financial advisors).

The management fees for the Funds are outlined in the table below.

Fund Management Fee %
Series A Advisor Series F
RBC Emerging Markets Bond Fund (US$) 1.50 1.50 0.75
RBC Conservative Growth & Income Fund (US$) 1.40 1.40 0.65
RBC Balanced Growth & Income Fund (US$) 1.75 1.75 0.75
RBC Canadian Dividend Fund (US$) 1.50 1.50 0.75
RBC International Equity Fund (US$) 1.85 1.85 0.75
RBC Emerging Markets Equity Fund (US$) 1.85 1.85 0.75
RBC Global Dividend Growth Fund (US$) 1.85 1.85 0.75
RBC Global Equity Fund (US$) 1.85 1.85 0.85
RBC Global Equity Focus Fund (US$) 1.85 1.85 0.85
RBC QUBE Low Volatility Global Equity Fund (US$) 1.85 1.85 0.85

The specified percentage for the following RBC Portfolio Solutions US$
options are outlined in the table below.

Fund Specified Percentage %
Series A Advisor Series F
RBC Select Very Conservative Portfolio (US$) 1.60 1.60 0.70
RBC Select Conservative Portfolio (US$) 1.75 1.75 0.75
RBC Select Balanced Portfolio (US$) 1.85 1.85 0.85
RBC Select Growth Portfolio (US$) 1.95 1.95 0.95
RBC Select Aggressive Growth Portfolio (US$) 2.05 2.05 1.05

The specified percentage includes the fund's management fee,
administration fee, taxes (other than the additional cost of the HST),
other fund costs and any fees and expenses of the underlying funds.

Please 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.

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 $380 billion and have approximately 1,300
employees located across Canada, the United States, Europe and Asia.

RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC
Wealth Management directly serves affluent, high-net-worth and
ultra-high net worth clients in Canada, the United States, Latin
America, Europe, the Middle East, Africa, and Asia with a full suite of
banking, 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, through its RBC GAM business. RBC Wealth Management
has more than C$767 billion of assets under administration, more than
C$481 billion of assets under management and approximately 4,100
financial consultants, advisors, private bankers, and trust officers.
For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the
United States, securities are offered through RBC Wealth Management, a
division of RBC Capital Markets, LLC, a wholly owned subsidiary of
Royal Bank of Canada. Member NYSE/FINRA/SIPC.

SOURCE RBC

For further information:

Leah Commisso, RBC GAM Corporate Communications, 416-955-6498

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