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RBC Global Asset
Management Inc. announces December sales results for RBC Funds and
PH&N Funds
TORONTO, January 4, 2013
— RBC Global Asset Management Inc. today
announced December net sales of $447 million. Long-term funds had net
sales of $619 million and money market funds had net redemptions of
$172 million. Assets under management increased by 1.4 per cent.
"December proved to be a tremendous month
for RBC Global Asset
Management, as we exceeded all previous December long-term mutual fund
net sales," said Doug Coulter, president of RBC Global Asset Management
Inc. "As a result of investors and advisors continuing to look for
yield in this low interest rate environment, our comprehensive
selection of income generating products saw strong inflows. Notably,
the RBC Monthly Income Bond Fund recently hit the milestone of $1
billion in assets."
Sales results information is based on
preliminary data from the
Investment Funds Institute of Canada (IFIC).
About RBC Global Asset Management
and RBC Wealth 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, Phillips, Hager & North
Investment Management and RBC Global Asset Management (U.S.). RBC GAM
is a provider of global investment management services and solutions to
individual, high-net-worth and institutional investors through
exchange-traded funds, hedge funds, mutual funds, pooled funds,
separate accounts and specialty investment strategies. RBC GAM group of
companies manage more than $270 billion in assets and have
approximately 1,000 employees located across Canada, the United States,
Europe and Asia.
RBC Global Asset Management is part of RBC
Wealth Management, which is
one of the world’s top 10 largest wealth managers. RBC Wealth
Management directly serves affluent, high-net-worth and ultra high net
worth clients in Canada, the United States, Latin America, Europe, the
Middle East, Africa and Asia with a full suite of banking, investment,
trust and other wealth management solutions. The business also provides
asset management products and services directly and through RBC and
third-party distributors to institutional and individual clients,
through its RBC Global Asset Management business (which includes
BlueBay Asset Management). RBC Wealth Management has more than C$577
billion of assets under administration, more than C$339 billion of
assets under management and approximately 4,300 financial consultants,
advisors, private bankers and trust officers.
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For more information, contact:
Leah
Commisso
RBC GAM Media Relations, 416 955-6498
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