TORONTO, April 3 /CNW/ - RBC Asset Management Inc. today announced
$704 million in net sales of long-term funds for the month of March. Money
market net sales were $141 million for a total of $845 million in overall net
sales for the month. RBC Asset Management net sales results for the 12 months
ended March 31, 2007 were $7.2 billion, including $5.5 billion in long-term
net sales and $1.7 billion in money market net sales.
"March sales pushed our overall assets under management over $75 billion
for the first time," said Brenda Vince, president, RBC Asset Management. "We
are very proud of this accomplishment, as it reflects a product lineup that
delivers excellent value to our clients and what we hope continues to be
excellent relationships with our investors and advisors."
Net sales of the RBC Select Portfolios totalled $330 million in March and
now exceed $9 billion in assets under management. Top selling individual funds
included the RBC Canadian Dividend Fund with $77 million in net sales and the
RBC O'Shaughnessy International Equity Fund with $61 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
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.
For further information:
For further information: Kathy Bevan, RBC Media Relations, (416)