TORONTO, May 4, 2017 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced April mutual fund net sales of $639 million. Long-term funds had net sales of $683 million and money market funds had net redemptions of $44 million. Mutual fund assets under management increased by 2.0 percent.
"Canadians continue to choose RBC Funds, PH&N Funds and BlueBay Funds to help meet their financial goals," said Doug Coulter, president of RBC Global Asset Management Inc. "Diversification remains an important factor for investors and advisors, and we have seen strong inflows to the RBC Balanced Growth and Income Fund, a diversified global portfolio that combines a mix of income-oriented strategies driven by our global investment management teams."
Mutual fund sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only include Canadian prospectus qualified mutual funds.
Please consult your advisor and 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. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers.
About RBC Global Asset 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 institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage more than $390 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Royal Bank
For further information: Leah Commisso, RBC GAM Corporate Communications, 416-955-6498, firstname.lastname@example.org