RBC Asset Management Inc. October sales results
TORONTO, November 2, 2007 — RBC Asset Management
Inc. today announced October net long term fund sales of $330
million. Money market funds had net sales of $583 million
for a total of $913 million in overall net sales for the month.
RBC Asset Management net sales results for the 12 months ended
October 31, 2007 were
$7.5 billion, including $6.2 billion in long-term net sales
and $1.3 billion in money market net sales. Assets under management
have increased by $13.1 billion or 19 per cent over the same
period.
Net sales of the RBC Select Portfolios totalled $174 million
in October. Other top selling funds were the RBC Canadian
Dividend Fund with $58 million in net sales and the RBC Cash
Flow Portfolios with $38 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 $87 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.
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Media contact:
Rina Cortese, RBC Wealth Management, (416) 974-6970
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