RBC Asset Management Inc. today announced that it will change the way it calculates the management expense ratios for RBC Select Portfolios, RBC Select Choices Portfolios, RBC Cash Flow Portfolios and RBC Target Education Funds, making the costs of investing more predictable for investors.

Beginning Jan. 1, 2008, RBC Asset Management will fix the MER for each of the portfolios. By fixing the MER for each portfolio, changes in the mix of underlying funds held by the portfolio will no longer impact the MER. The MER for each series of units of the portfolios will be more predictable going forward.

The fixed MER will include all fees and expenses (including the fixed administration fee) paid by the portfolio.