RBC Asset Management Inc. joins Social Investment Organization
RBC Asset Management Inc. (“RBC AM”) today became the first bank-owned mutual fund firm to join the Social Investment Organization (SIO) as an associate member. SIO is a national, non-profit association for the socially responsible investment (SRI) industry in Canada with a primary mandate to promote the use of social and environmental criteria within the Canadian investment community.
“We are committed to supporting the development of socially responsible investing and corporate governance in Canada and are pleased to join the SIO in its efforts to promote these considerations,” said Brenda Vince, president, RBC Asset Management Inc.
In a recent SIO report, RBC Asset Management Inc. was recognized for its track record of voting in support of shareholder resolutions, as well as its provision of user-friendly voting records at www.rbcam.com.
“We are pleased to have RBC Asset Management join our organization and we appreciate their support in promoting social responsible investing,” said Eugene Ellmen, executive director of the SIO.
A founding member of the Canadian Coalition for Good Governance, RBC AM has a longstanding commitment to socially responsible investing and corporate governance. In July 2007, RBC AM introduced the RBC Jantzi Funds, a socially responsible investing option for the growing number of investors who believe environmental, social and governance factors should be primary considerations in making investment decisions.
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 offices in major financial centres around the world, RBC Asset
Management Inc. is one of Canada’s largest money managers and has over $84 billion in assets under management.
The RBC Asset Management mutual fund family was awarded the “Best Overall Fund Group” in Canada for 2007 by Lipper Inc. The prestigious award is part of a global program of events held by Lipper in 21 countries to highlight funds and fund families that excel in delivering consistently strong risk-adjusted performance relative to their peers. Visit our website at www.rbcam.com.
RBC 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, provides asset management and trust services through RBC partners and third-party distributors and has over $500 billion of assets under administration, 3,500 financial advisors and $150 billion of assets under management.
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