RBC Asset Management Inc. has decided to close the RBC O’Shaughnessy U.S. Growth Fund to new purchases effective June 30. This change will not affect existing investments in the Fund.
Although the RBC O’Shaughnessy U.S. Growth Fund has been extremely successful and has grown rapidly in size, closing the Fund to new purchases will provide the best opportunity for continued success due to the regular rebalancing inherent in its investment approach, the bank said in a release today.
Unitholders with pre-authorized investment plans established with RBC Asset Management prior to June 30 may continue to make these regular contributions. In addition, purchases through automatically reinvested distributions will continue unless unitholders instruct their dealers otherwise.
RBC closes the RBC O’Shaughnessy U.S. Growth Fund to new purchases
Change won’t affect existing investments, regular contributions
- By: IE Staff
- March 31, 2006 March 31, 2006
- 13:52
IE Staff