TORONTO, May 4 /CNW/ - RBC Global Asset Management Inc. (RBC GAM)
announced April net sales of $297 million. Long-term funds had net
sales of $614 million and money market funds had net redemptions of
$317 million. Assets under management increased by $500 million or 0.4
"Coming out of RRSP season, April proved to be a record month, as
long-term mutual fund net sales exceeded all other previous April sales
results. We continued to be an industry leader with strong inflows
across our diverse lineup of funds," said Doug Coulter, president of
RBC Global Asset Management Inc. "Advisors and investors appeared to
continue favouring yield and, as a result, the PH&N Monthly Income Fund
remained one of our top-selling funds."
The top selling RBC Funds and PH&N Funds for April included RBC Select
Portfolios, PH&N Monthly Income Fund, RBC Managed Payout Solutions, RBC
Canadian Dividend Fund, and RBC $U.S. Income Fund.
Please read the prospectus before investing. There may be commissions,
trailing commissions, management fees and expenses associated with
mutual fund investments. Mutual funds are not guaranteed, their values
change frequently and past performance may not be repeated.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division
of Royal Bank of Canada (RBC) which includes institutional money
managers Phillips, Hager & North Investment Management (PH&N), RBC
Global Asset Management (U.S.) and BlueBay Asset Management. RBC GAM is
a provider of global investment management services and solutions to
individual, high net worth and institutional investors through mutual
funds, pooled funds, hedge funds, segregated accounts and specialty
investment strategies. RBC GAM group of companies manage approximately
$250 billion in assets and have almost 1,000 employees located across
Canada, the United States, Europe and Asia. Website: www.rbcgam.com.
RBC Global 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. RBC Wealth Management
provides integrated and diversified international wealth management
expertise and solutions, asset management and trust services to high
net worth individuals and to corporate and institutional clients.
Services provided by RBC Wealth Management consultants, advisors,
private bankers and trust officers include trust and estate planning,
tax advice, discretionary investment management and investment advisory
services, structured solutions, banking, lending and global custody.
RBC Wealth Management has approximately $550 billion of assets under
administration, $300 billion of assets under management and more than
4,500 financial consultants, advisors, private bankers and trust
For further information:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498