TORONTO, Oct. 4, 2018 /CNW/ - RBC Global Asset Management Inc.
(RBC GAM Inc.) today announced September mutual fund net sales of $250 million. Long-term funds had
net sales of $291 million and money market funds had net redemptions of $41
million. Mutual fund assets under management decreased by 0.8 percent.
"Portfolio diversification remains a key theme for Canadian investors and advisors," said Doug
Coulter, president of RBC Global Asset Management Inc. "This past month our top-selling fund was the RBC Global Equity
Focus Fund, which invests primarily in equity securities of a diversified mix of companies in a range of sectors across the
world."
RBC GAM Inc. also reported ETF net sales of $2.2 million for the third quarter of calendar 2018,
bringing total sales year to date to $359.2 million. ETF assets under management total $5.1 billion.
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 and exchange-traded funds (ETFs).
Mutual funds and ETFs 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. ETF units are bought and
sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any
predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC GAM Inc., 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
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