TORONTO, June 6, 2019 /CNW/ - RBC Global Asset Management
Inc. (RBC GAM Inc.) today announced May mutual fund net sales of
$1.4 billion. Long-term funds had net
sales of $1.2 billion and money
market funds had net sales of $195
million. Mutual fund assets under management decreased by
1.2 per cent.
"Investment solutions offering global diversification remains a
top choice for Canadian investors," said Doug Coulter, President of RBC Global Asset
Management Inc. "The RBC Fixed Income Pools, a suite of three
solutions that offer investors global fixed income diversification,
were among our top sellers in May. The Pools, which RBC Global
Asset Management launched last August, reached $2.99 billion in assets at the end of the
month."
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 GAM Inc.
and distributed through authorized dealers. RBC GAM Inc. is a
member of the RBC GAM group of companies and an indirect wholly
owned subsidiary of Royal Bank of Canada.
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 approximately $430 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management