RBC Asset Management Inc. October sales results
TORONTO, November 2, 2006 — RBC Asset Management
Inc. today announced $318 million in long-term net sales and
money market net sales of $192 million for a total of $510
million in overall net sales for the month of October. RBC
Asset Management net sales results for the twelve months ended
October 31, 2006 were $6.1 billion, including $5.4 billion
in long-term net sales and $699 million in money market net
sales.
"October was another solid month of sales for RBC Asset
Management," said David Richardson, vice-president Communications
and Enterprise Sales. "Sales were led by the RBC Select
Portfolios packaged solutions that have now surpassed $7 billion
in assets under management."
Net sales of the RBC Select Portfolios totalled $138 million
in October. Top selling individual funds included the RBC
Tax Managed Return Fund with $37 million in net sales and
the RBC O'Shaughnessy U.S. Value Fund with $33 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 $71 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.rbcam.com.
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For further information, please contact:
Kathy Bevan, Media Relations, (416) 974-8810
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