New principal protected notes issued by RBC are linked to the performance of three funds from Manulife Investments.

RBC Manulife Investments Global Balanced Plus Deposit Notes are tied to the performance Mawer World Investment Fund, Manulife Strategic Income Fund, Manulife Canadian Core Fund. The notes provide a principal amount guaranteed by RBC.

“For those investors who are looking to take advantage of current market volatility in the belief that stocks currently provide good value, while at the same time minimizing exposure to the U.S. market, the RBC Manulife Investments Global Balanced Plus Deposit Notes may prove to be an ideal investment,” says Bob Tillmann, vp of marketing and business development, Manulife Investments.

“With award-winning fund management of the underlying funds, these Notes truly provide investors with a best-in-class investment opportunity” adds Tillmann.

The notes employ a dynamic asset allocation strategy providing increased exposure to the underlying funds when performance is positive and reduced exposure to the funds when performance is negative.

The Yield Notes (Series 10) offer a 100% principal amount guaranteed at maturity, and feature monthly coupon payments equivalent to 5.04% annually.

The Return of Capital Notes (Series 11) offer a 100% principal amount guaranteed over the term of the deposit note, and feature monthly principal repayments equivalent to 5.04% annually.

The Total Return Notes (Series 12) offer a 100% Principal Amount guaranteed at maturity

The deposit notes, Series 10, 11 and 12 are sold by advisors licensed by the Investment Dealers Association of Canada as well as licensed mutual fund dealers.

Series 10, 11 and 12 of the notes are available for purchase until September 5, 2008.