RBC Global Asset Management Inc. announces September sales results for RBC Funds,
PH&N Funds and BlueBay Funds
TORONTO, Oct. 6, 2021 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced September mutual fund net sales of $1.45 billion. Long-term funds had net sales of $1.5 billion and money market funds had net redemptions of $51 million. Mutual fund assets under management decreased by 1.8 per cent.
"Canadian investors and advisors continue to be attracted to investment solutions offering diversification to help them meet their investing goals," said Doug Coulter, President of RBC Global Asset Management Inc. "This trend is visible with RBC Select Portfolios, a suite of actively managed and globally diversified fund-of-fund solutions, which were our top selling solutions in September, and have been our top selling solutions year to date."
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.
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
SOURCE RBC Global Asset Management Inc.
Company Codes: NYSE:RY, Toronto:RY
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