TORONTO, Oct. 4, 2019 /CNW/ - RBC Global Asset Management
Inc. (RBC GAM Inc.) today announced September mutual fund net sales
of $955 million. Long-term funds had
net sales of $923 million and money
market funds had net sales of $32
million. Mutual fund assets under management increased by
1.1 per cent.
"Canadian investors continue to seek portfolio diversification
when selecting their investments," said Doug Coulter, President of RBC Global Asset
Management Inc. "This trend is reflected in investors' choices, as
our top-selling solutions in September were the RBC Fixed Income
Pools, a suite of actively managed fixed income portfolios that
offer global diversification. The Pools surpassed the milestone of
$4 billion in assets under management
last 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 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
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 $450 billion in
assets and have approximately 1,400 employees located across
Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management