TORONTO, Feb. 4, 2022 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced January mutual fund net sales of $1.4 billion. Long-term funds had net sales of $1.3 billion and money market funds had net sales of $53 million. Mutual fund assets under management decreased by 2.2 per cent.
“Continuing a trend from last year, Canadian investors and advisors are seeking investment solutions which offer global diversification,” said Doug Coulter, President of RBC Global Asset Management Inc. “RBC Select Portfolios, a suite of actively managed and globally diversified fund-of-fund solutions, continued to show strong results and remains our top selling set of solutions.”
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
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
87,000+ 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 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 $580 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.
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