TORONTO, Aug. 7, 2019 /CNW/ - RBC Global Asset Management
Inc. (RBC GAM Inc.) today announced July 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 $40
million. Mutual fund assets under management increased by
0.8 per cent.
"Diversification continues to be an important factor for
Canadians when choosing their investments," said Doug Coulter, President of RBC Global Asset
Management Inc. "Professional active management can be an important
consideration to fulfill this client need. RBC Select Portfolios, a
suite of actively managed, fully diversified fund-of-fund
portfolios, attracted inflows of over half a billion dollars in
July, demonstrating the importance of this consideration."
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 in Canada. 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