RBC introduces new fund-linked GICsSecure investments with growth potential
TORONTO, May 12, 2008 — RBC is expanding its
suite of Market Access GICs to include two new fund-linked
GICs— the RBC Canadian Dividend Fund-Linked GIC and the RBC
O'Shaughnessy International Equity Fund-Linked GIC, which
will provide additional options for clients who are looking
for a secure investment with growth potential.
"These new GICs are part of our ongoing commitment to
provide investors with choices and solutions to help them
achieve their goals," said Max Thompson, head, GICs and
Savings, RBC. "By providing principal protection and
growth in one simple solution, fund-linked GICs offer investors
the best of both worlds— the security of a GIC and the growth
potential associated with equity markets."
The new RBC Canadian Dividend Fund-Linked GIC and the RBC
O'Shaughnessy International Equity Fund-Linked GIC are 100
per cent principal- protected and provide returns linked to
the performance of the RBC Canadian Dividend Fund and the
RBC O'Shaughnessy International Equity Fund, respectively.
Both mutual funds have delivered consistently strong relative
performance over the long term and are managed by RBC Asset
Management, recently recognized by Lipper as the Best Overall
Fund Group in Canada for 2007 and 2008. The fund-linked GICs
carry a five-year term, are Canada Deposit Insurance Corporation
(CDIC) eligible and available for non-registered portfolios.
The launch of the RBC Fund-linked GICs broadens the RBC
Market Access GIC line-up, which also includes the Canadian
Market-Linked GIC, providing exposure to the S&P/TSX 60
index and the Global Market-Linked GIC, providing exposure
to a collection of major international stock market indices.
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Media contact/For more information, please contact:
Jackie Braden, (416) 974-2124
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