Le Lézard
Classified in: Business
Subject: SLS

RBC Global Asset Management Inc. announces July sales results for RBC Funds, PH&N Funds and BlueBay Funds


TORONTO, Aug. 7, 2018 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced July mutual fund net sales of $524 million. Long-term funds had net sales of $549 million and money market funds had net redemptions of $26 million. Mutual fund assets under management increased by 1 percent.

"Investors and advisors continue to favour balanced solutions, which offer stability and diversification," said Doug Coulter, president of RBC Global Asset Management Inc. "This trend is demonstrated by strong sales of our RBC Select Portfolios, which in July surpassed $85 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 Royal Bank of Canada


These press releases may also interest you

at 05:36
COP28 President urges governments to 'think bigger, act bolder' on national climate plans that are aligned with the UAE Consensus at Petersberg Climate Dialogue
Speaking in the High-Level Segment of the annual Petersberg Climate Dialogue, attended by Chancellor Olaf Scholz, President Ilham Aliyev of Azerbaijan and a number of Climate and Foreign Affairs Minister Ministers, COP28 President Dr Sultan Al Jaber...

at 05:27
London Blockchain Conference Launches the No Future Campaign
The London Blockchain Conference is excited to announce the launch of its ground-breaking, 'No Future Campaign'. This initiative aims to create a strong narrative surrounding blockchain technology by challenging perceptions and sparking...

at 05:00
VyOS Networks and Iquall Networks Forge Strategic Collaboration to Advance Network Solutions
VyOS Networks and Iquall Networks are excited to announce a strategic collaboration, marking a significant milestone in their commitment to advancing network solutions. This partnership combines the strengths of both organizations to foster...

at 05:00
Portland General Electric Announces First Quarter 2024 Results
Portland General Electric Company today reported net income based on generally accepted accounting principles (GAAP) of...

at 05:00
Strong & Precious Art Foundation Explores Trypillian Culture at this year's GemGeneve
As GemGenève gears up for its 8th edition, the Strong and Precious Art Foundation is thrilled to announce that it will be participating in the prestigious show for the fifth time, showcasing the rich heritage of Trypillian culture. Spanning a period...

at 04:58
SILVERCORP TO ACQUIRE ADVENTUS, CREATING A GEOGRAPHICALLY DIVERSIFIED MINING COMPANY BY ADDING THE ADVANCED EL DOMO PROJECT
Silvercorp Metals Inc. ("Silvercorp") and Adventus Mining Corporation ("Adventus") are pleased to announce that the parties have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Silvercorp has agreed...

More news about Business...


News published on and distributed by: