RBC Asset Management Inc. September sales results
TORONTO, October 3, 2006 — RBC Asset Management
Inc. today announced $203 million in long-term net sales and
money market net sales of $269 million for a total of $472
million in overall net sales for the month of September. September
sales results include $35 million in institutional money market
fund redemptions. RBC Asset Management net sales results for
the twelve months ended September 30, 2006 were $6.1 billion,
including $5.5 billion in long-term net sales and $611 million
in money market net sales.
Sales of RBC Select Portfolios in September totalled $112
million with assets under management in these three funds
now exceeding $6.8 billion. Top selling individual funds for
September include the RBC Canadian Dividend Fund with $22
million in net sales and the RBC O'Shaughnessy International
Equity Fund with $16 million in net sales.
About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary
of Royal Bank of Canada. RBC Asset Management Inc. provides
a broad range of investment services to investors through
mutual funds, pooled funds and separately managed portfolios.
With over $69 billion in assets under management and offices
in major financial centres around the world, RBC Asset Management
Inc. is one of Canada's largest money managers. Visit our
website at www.rbcfunds.com.
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For further information, please contact:
Kathy Bevan, Media Relations, (416) 974-8810
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