RBC Global Asset Management Inc. announces March sales results for RBC Funds, RBC Private Pools, RBC Alternative Funds and PH&N Funds

TORONTO, April 12, 2024 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced March net sales of $185 million for RBC Funds, RBC Private Pools, RBC Alternative Funds and PH&N Funds (collectively, the "Funds"). Long-term funds had net sales of $187 million and money market funds had net redemptions of $2 million. Mutual fund assets under management increased by 2.1 per cent.

Mutual fund sales results are based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only include Canadian prospectus qualified mutual funds.

Portfolio Holdings Disclosure
Going forward, we have determined to make the portfolio holdings of the Funds available on our website on a quarterly basis for those unitholders who are interested in this information. Generally, the Funds' portfolio holdings will be made available no earlier than 10 business days following the quarter end (certain Funds will have longer periods before posting). This disclosure is in addition to the quarterly portfolio disclosure for the top 25 holdings required to be provided within 60 days of the quarter end under applicable securities laws.

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, RBC Private Pools, RBC Alternative 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
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

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 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 $575 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.