TORONTO, April 7, 2022 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced net mutual fund redemptions in March of $51 million. Long-term funds recorded net sales of $24 million and money market funds had net redemptions of $75 million. Mutual fund assets under management increased 0.4%.
“Canadian investors and advisors continue to seek investment solutions that provide global diversification to help them achieve their investment goals, especially in times of market volatility,” said Doug CoulterPresident of RBC Global Asset Management Inc. “While we saw a slowdown in sales in March compared to previous months in 2022, RBC Select Portfolios, a line of actively managed and diversified fund-of-funds solutions at the globally, continued to attract strong investor interest in a month that saw heightened market volatility. »
Information on mutual fund sales results is based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only include mutual funds eligible for the Canadian prospectus.
Please consult your advisor and read the prospectus or Fund Facts document before investing. Commissions, trailing commissions, management fees and expenses all may be 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. Canada.
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About RBC Global Asset Management
RBC Global Asset Management (RBC GMA) is the asset management division of Royal Bank of Canada (RBC) and includes fund 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 segregated accounts, pooled funds, mutual funds, hedge funds, exchange traded funds and specialized investment strategies. The RBC GAM group of companies manages approximately $580 billion of assets and has approximately 1,500 employees in Canada, United States, Europe and Asia
SOURCE RBC Global Asset Management Inc.
For further information: Brandon Dorey, RBC GAM Corporate Communications, [email protected]416-955-7397