RBC GAM to close private U.S. growth equity pool

RBC Global Asset Management Inc. today announced that the RBC Private O’Shaughnessy U.S. Growth Equity Pool will close on October 30, 2015.

Unitholders may redeem or switch their holdings in the Pool until market close on October 30, 2015, at which time any remaining units will be redeemed and the proceeds distributed to unitholders. In the case of registered plans, the redemption proceeds will remain within the plan.

The Pool is being closed as a result of its small size and duplication with existing investment mandates.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.