RBC Asset Management Inc. June sales results
TORONTO, July 4, 2007 — RBC Asset Management
Inc. today announced June net long term fund sales of $372
million. Money market funds had net redemptions of $10 million
for a total of $362 million in overall net sales for the month.
RBC Asset Management net sales results for the 12 months ended
June 30, 2007 were $7.9 billion, including $5.9 billion in
long-term net sales and $2.0 billion in money market net sales.
Assets under management have increased by $16.0 billion or
26 per cent over the same period.
Net sales of the RBC Select Portfolios totalled $184 million
in June and now exceed $9.7 billion in assets under management.
Top selling individual funds included the RBC Tax Managed
Return Fund with $45 million in net sales and the RBC O'Shaughnessy
International Equity Fund with $27 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 and has over $83 billion in assets under management.
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.
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Media contacts:
Rina Cortese, RBC Wealth Management, (416) 974-6970
Jackie Braden, RBC Media Relations, (416) 974-2124
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