TORONTO, Feb. 6, 2017 /CNW/ - RBC Global Asset Management Inc. today announced January mutual fund net sales of $1.1 billion. Long-term funds had net sales of $1.1 billion and money market funds had net redemptions of $23 million. Assets under management increased by 0.4 per cent.
"We've seen a strong start to 2017, as Canadians investors and advisors continue to trust in our diverse line-up of investment solutions," said Doug Coulter, president of RBC Global Asset Management Inc. "At RBC Global Asset Management, we have a culture of keeping our clients at the forefront of everything we do. We are honoured to be recognized as Morningstar's Steward of the Year. This award is testament to our history of strong performance, low fees and putting our clients first. I'd like to thank and congratulate the team for their continued dedication."
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 1,300 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.
For further information: Leah Commisso, firstname.lastname@example.org, RBC GAM Corporate Communications, 416-955-6498