TORONTO, May 2, 2007 — RBC Asset Management Inc. today announced $476 million in long-term net sales and money market net redemptions of $55 million, for a total of $421 million in overall net sales for the month of April. RBC Asset Management net sales results for the 12 months ended April 30, 2007 were $7.3 billion, including $5.5 billion in long-term net sales and $1.8 billion in money market net sales.

“It was our best April ever for total fund sales,” said Brenda Vince, president, RBC Asset Management Inc. “Over the past 12 months, we have led the mutual fund industry in sales of both packaged solutions and stand-alone funds.”

Sales of RBC Select Portfolios totalled $219 million. Top selling individual funds for April include the RBC O’Shaughnessy International Equity Fund with $52 million in net sales and the RBC Canadian Dividend Fund with $43 million in net sales.

About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary of Royal Bank of Canada. RBC Asset Management Inc. provides a broad range of investment services to investors through mutual funds, pooled funds and separately managed portfolios. With offices in major financial centres around the world, RBC Asset Management Inc. is one of Canada’s largest money managers.

RBC Asset Management’s mutual fund family was awarded the “Best Overall Fund Group” in Canada for 2007 by Lipper Inc. The prestigious award is part of a global program of events held by Lipper in 21 countries to highlight funds and fund families that excel in delivering consistently strong risk-adjusted performance relative to their peers. Visit our website at www.rbcam.com.

RBC Asset Management is part of RBC Wealth Management which directly serves affluent and high net worth clients in Canada, the United States, Latin America, Europe and Asia, provides asset management and trust services through RBC partners and third-party distributors and has over $500 billion of assets under administration, 3,500 financial advisors and $150 billion of assets under management.

For further information, please contact:
Jackie Braden, Media Relations, (416) 974-2124