TORONTO, May 6, 2014 /CNW/ - RBC Global Asset Management Inc. (RBC GAM)
today announced April net sales of $747 million. Long-term funds had
net sales of $794 million and money market funds had net redemptions of
$46 million. Assets under management increased by 1.2 per cent.
"April proved to be another positive month driven by strong investor
demand for income-generating solutions," said Doug Coulter, president
of RBC GAM. "One of our top selling funds was the BlueBay Global Convertible Bond Fund, which is the only global convertible bond fund available to Canadian
investors and provides unique access to this attractive long-term asset
Sales results information is based on preliminary data from the
Investment Funds Institute of Canada (IFIC).
Please read the prospectus or Fund Facts document 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), and includes institutional money managers BlueBay Asset
Management and Phillips, Hager & North Investment Management. RBC GAM
is a provider of global investment management services and solutions to
individual, high-net-worth and institutional investors through mutual
funds, exchange-traded funds, hedge funds, pooled funds, separate
accounts and specialty investment strategies. RBC GAM group of
companies manage more than C$315 billion in assets and have
approximately 1,200 employees located across Canada, the United States,
Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top 10 largest wealth managers*. RBC
Wealth Management directly serves affluent, high-net-worth and
ultra-high net worth clients in Canada, the United States, Latin
America, Europe, the Middle East, Africa, and Asia with a full suite of
banking, investment, trust and other wealth management solutions. The
business also provides asset management products and services directly
and through RBC and third party distributors to institutional and
individual clients, through its RBC Global Asset Management business
(which includes BlueBay Asset Management). RBC Wealth Management has
more than C$675 billion of assets under administration, more than C$411
billion of assets under management and over 4,400 financial
consultants, advisors, private bankers, and trust officers. For more
information, please visit rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the
United States, securities are offered through RBC Wealth Management, a
division of RBC Capital Markets, LLC, a wholly owned subsidiary of
Royal Bank of Canada. Member NYSE/FINRA/SIPC.
For further information:
Matt Gierasimczuk, RBC GAM Communications, 416-974-2124, email@example.com
Leah Commisso, RBC GAM Media Relations, 416-955-6498, firstname.lastname@example.org