RBC Asset Management Inc. January sales results
TORONTO, February 2, 2007 — RBC Asset Management Inc.
today announced record January net long term fund sales of
$811 million. Money market net redemptions were $14 million
for a total of $797 million in overall net sales for the month.
For the 12 months ended January 31, 2007, RBC Asset Management
recorded net sales of $6.7 billion, including $5.4 billion
in long term net sales and $1.3 billion in money market net
sales.
"January sales results are always a good indicator of
how investors are feeling in the new year," said Brenda
Vince, president, RBC Asset Management. "Clearly, we
are off to a good start, and Canadians continue to look to
fund solutions that also offer excellent value for money."
On January 22, 2007, RBC Asset Management launched the RBC
Select Portfolios Aggressive Growth Fund, and two additions
to its highly regarded RBC O'Shaughnessy Funds lineup - the
RBC O'Shaughnessy All-Canadian Equity Fund and the RBC O'Shaughnessy
Global Equity Fund. These new funds had sales of over $50
million in their first eight days of availability.
Net sales of the RBC Select Portfolios totalled $302 million
in January and these portfolio solutions now exceed $8.0 billion
in client assets. Top selling individual funds included the
RBC Canadian Dividend Fund with $88 million in net sales and
the RBC O'Shaughnessy International Equity Fund with $86 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 $77 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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