News Releases

RBC Global Asset Management Inc. Announces April Sales Results for RBC Funds and PH&N Funds

TORONTO, May 6, 2015 – RBC Global Asset Management Inc. today announced April mutual fund net sales of $931 million. Long-term funds had net sales of $1.0 billion and money market funds had net redemptions of $71 million. Assets under management increased by 0.1 per cent.

"We are pleased to see such strong sales results over the course of the month, which drove record long term mutual fund net sales in April for RBC Global Asset Management," said Doug Coulter, President of RBC Global Asset Management Inc. "These continued successes reflect our ongoing commitment to meeting the needs of our clients and the strength of the solutions in our diverse line up of products."

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 and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $370 billion and have approximately 1,200 employees located across Canada, the United States, Europe and Asia.

RBC GAM is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. 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 GAM business. RBC Wealth Management has more than C$767 billion of assets under administration, more than C$480 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.

MEDIA ENQUIRIES

Leah Commisso
Corporate Communications
RBC Global Asset Management
Canada and U.S.
416-955-6498
leah.commisso@rbc.com
Twitter Alerts
Matt Gierasimczuk
Corporate Communications
RBC Global Asset Management
U.S. Institutional and RBC ETFs
416-974-2124
matthew.gierasimczuk@rbc.com

Global Investment Outlook

Our quarterly publication that provides a detailed global investment forecast, including updates on economic and capital markets.


Learn More >

Current Perspectives

The Canadian economy has turned out to be the "little engine that could." Our latest commentary on the loonie.

Learn More