RBC Global Asset Management Inc. announces October sales results for RBC Funds, PH&N Funds and BlueBay Funds

view original post

Classified in:Business
Subject: ECO

TORONTO, Nov. 4, 2021 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced October mutual fund net sales of $824 million. Long-term funds had net sales of $890 million and money market funds had net redemptions of $66 million. Mutual fund assets under management increased by 1.9 per cent.

“Investment solutions that offer global diversification continue to be top of mind for Canadian investors and advisors,” said Doug Coulter, President of RBC Global Asset Management Inc. “RBC Select Portfolios and RBC Global Portfolios, two suites of actively managed and globally diversified fund-of-fund solutions, were our top selling solutions this month, demonstrating this ongoing trend.”

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.

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 88,000+ 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 17 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) and includes 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 $580 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.

These press releases may also interest you

at 09:25

KLDiscovery Inc. (“KLD”), a leading provider of global electronic discovery, information governance and data recovery technology solutions will announce financial results for the third quarter 2021 following the market close on Thursday, November 11,…

at 09:25

OBSIDIAN ENERGY LTD. (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that it has filed an amended and restated preliminary short form prospectus (the “Amended and Restated Prospectus”) in connection with its previously…

at 09:20

Sangamo Therapeutics, Inc. , a genomic medicine company, today reported third quarter financial results and provided business and clinical highlights. “We are delighted to share clinical data and business updates across several programs…

at 09:20

Magenta Therapeutics, Inc. , a clinical-stage biotechnology company developing novel medicines designed to bring the curative power of stem cell transplants to more patients, today reported financial results for the third quarter ended September 30,…

at 09:20

American Software, Inc. , a leading provider of innovative AI-powered supply chain management and advanced retail planning solutions, today announced that it will release its Second Quarter Fiscal Year 2022 financial results after the U.S. financial…

at 09:20

Trutankless, Inc. today announced its intention to spin-off its wholly-owned subsidiary, Notation Labs, Inc. The subsidiary company is preparing to file a Form 10 Registration Statement in connection with the planned spin-off. Following the…

News published on 4 november 2021 at 09:05 and distributed by:

Read more at: ‘ + document.location.href,
copytext = selection + pagelink,
newdiv = document.createElement(‘div’);
newdiv.style.position = ‘absolute’;
newdiv.style.left = ‘-99999px’;
document.body.appendChild(newdiv);
newdiv.innerHTML = copytext;
selection.selectAllChildren(newdiv);
window.setTimeout(function () {
document.body.removeChild(newdiv);
}, 100);
}
document.addEventListener(‘copy’, addLink);
//]]>

Related Posts