TORONTO, Feb. 6, 2019 /CNW/ - RBC Global Asset
Management Inc. (RBC GAM Inc.) today announced January mutual fund
net sales of $488 million.
Long-term funds had net sales of $720
million and money market funds had net redemptions of
$231 million. Mutual fund assets
under management increased by 3.7 percent.
"Canadian investors continue to demonstrate commitment to
maintaining and building their investment portfolios," said
Doug Coulter, president of RBC
Global Asset Management Inc. "Investors and advisors have been
seeking trusted solutions that offer low downside risk and
preservation of their investments. As such, the PH&N Total
Return Bond Fund was one of our top-selling products in
January."
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 $425 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Royal Bank