RBC Asset Management amends the investment strategies of the RBC Private O’Shaughnessy Canadian Equity Pool and the RBC Private O’Shaughnessy U.S. Growth Equity Pool

RBC Asset Management Inc. today announced that it is amending the investment strategies of the RBC Private O’Shaughnessy Canadian Equity Pool and the RBC Private O’Shaughnessy U.S. Growth Equity Pool, effective January 14, 2008. Both Pools are sub-advised by O’Shaughnessy Asset Management.

The investment objectives for both Pools remain the same, and the Pools will continue to follow the time-tested strategies developed by Jim O’Shaughnessy to select securities with the strongest investment potential. The strategies are being amended to align these Pools with the RBC O’Shaughnessy All-Canadian Equity Fund and the RBC O’Shaughnessy U.S. Growth Fund II to be launched in early 2008. The Pools are currently only available through RBC Managed Portfolios.

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 $87 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.



For further information, please contact:
Rina Cortese, RBC Wealth Management, (416) 974-6970