RBC Asset Management Inc. July sales results
TORONTO, August 2, 2007 — RBC Asset Management
Inc. today announced July net long term fund sales of $434
million. Money market funds had net sales of $43 million for
a total of $477 million in overall net sales for the month.
RBC Asset Management net sales results for the 12 months ended
July 31, 2007 were $8.1 billion, including $6.2 billion in
long-term net sales and $1.9 billion in money market net sales.
Assets under management have increased by $14.2 billion or
22 per cent over the same period.
Net sales of RBC Portfolio solutions exceeded $300 million
in July, reflecting investors and advisors continued discipline
and focus on long-term strategies in the face of recent market
volatility.
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.
The RBC Asset Management 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 -
Media contacts:
Rina Cortese, RBC Wealth Management, (416) 974-6970
Jackie Braden, RBC Media Relations, (416) 974-2124
|
