TORONTO, March 6, 2019 /CNW/ - RBC Global Asset Management
Inc. (RBC GAM Inc.) today announced February mutual fund net
sales of $1.1 billion. Long-term
funds had net sales of $1.2 billion
and money market funds had net redemptions of $24 million. Mutual fund assets under management
increased by 2.2 per cent.
"As market volatility persists, Canadian investors continue to
demonstrate an interest in diversifying their investment portfolios
with exposure outside of Canada,"
said Doug Coulter, President of RBC
Global Asset Management Inc. "Notably, the RBC QUBE Low Volatility
U.S. Equity Fund had steady inflows throughout the course of the
month and reached a milestone by surpassing $2 billion in assets."
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 Global Asset Management