RBC Asset Management Inc. April sales results
TORONTO, May 2, 2007 — RBC Asset Management
Inc. today announced $476 million in long-term net sales and
money market net redemptions of $55 million, for a total of
$421 million in overall net sales for the month of April.
RBC Asset Management net sales results for the 12 months ended
April 30, 2007 were $7.3 billion, including $5.5 billion in
long-term net sales and $1.8 billion in money market net sales.
"It was our best April ever for total fund sales,"
said Brenda Vince, president, RBC Asset Management Inc. "Over
the past 12 months, we have led the mutual fund industry in
sales of both packaged solutions and stand-alone funds."
Sales of RBC Select Portfolios totalled $219 million. Top
selling individual funds for April include the RBC O'Shaughnessy
International Equity Fund with $52 million in net sales and
the RBC Canadian Dividend Fund with $43 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 offices in major financial centres around the world,
RBC Asset Management Inc. is one of Canada's largest money
managers.
RBC Asset Management's mutual fund family
was awarded the "Best Overall Fund Group" in Canada
for 2007 by Lipper Inc. The prestigious award is part of a
global program of events held by Lipper in 21 countries to
highlight funds and fund families that excel in delivering
consistently strong risk-adjusted performance relative to
their peers. Visit our website at www.rbcam.com.
RBC Asset Management is part of RBC Wealth Management which
directly serves affluent and high net worth clients in Canada,
the United States, Latin America, Europe and Asia, provides
asset management and trust services through RBC partners and
third-party distributors and has over $500 billion of assets
under administration, 3,500 financial advisors and $150 billion
of assets under management.
- 30 -
For further information, please contact:
Jackie Braden, Media Relations, (416) 974-2124
|
