RBC Funds Inc. today announced that proposed changes to the underlying fund holdings of the Royal Select Choices Balanced Portfolio, Royal Select Choices Growth Portfolio and the Royal Select Choices Aggressive Growth Portfolio, which were to have been implemented on or about June 17, were not fully implemented until July 19.
Similar changes to the asset classes and to the underlying fund holdings of the three Royal Select Portfolios that were to have been implemented on or about June 13, will not be fully implemented until September 30.
RBC Funds cited the recent and continuing unusual market conditions and the significant number of transactions involved as the primary reasons for the delay in completing the changes.
Revisions to RBC portfolios delayed by market turmoil
Changes to Select portfolios put off until September
- By: IE Staff
- August 7, 2002 August 7, 2002
- 16:15