TORONTO, June 13,
2024 /CNW/ - RBC Global Asset Management Inc.
("RBC GAM Inc.") today announced May mutual fund net sales of
$414 million. Long-term funds had net
sales of $127 million and money
market funds had net sales of $287
million. Mutual fund assets under management increased by
2.5 per cent.
Mutual fund sales results information is based on preliminary
data from the Investment Funds Institute of Canada (IFIC) and only includes 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 98,000+ 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 more
than 18 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). 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. RBC
Funds, BlueBay Funds and PH&N Funds are offered by RBC Global
Asset Management Inc. (RBC GAM Inc.) and distributed through
authorized dealers in Canada. The
RBC GAM group of companies, which includes RBC GAM Inc. (including
PH&N Institutional) and RBC Indigo Asset Management Inc.,
manage approximately $625 billion in
assets and have approximately 1,600 employees located across
Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.