RBC Asset Management Inc. December sales results
TORONTO, January 3, 2008 — RBC Asset Management
Inc. today announced December net long term fund sales of
$113 million. Money market funds had net sales of $1.3 billion
for a total of $1.4 billion in overall net sales for the month.
RBC Asset Management net sales results for the 12 months ended
December 31, 2007 were
$8.9 billion, including $5.7 billion in long-term net sales
and $3.2 billion in money market net sales. Assets under management
have increased by $10.4 billion or 14 per cent over the same
Packaged programs, led by RBC Select Portfolios, totalled
$168 million in net sales for the month. Other top selling
funds were the RBC Canadian Dividend Fund with $19 million
in net sales and the RBC Global Resources Fund with $9 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 $88 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.
At the Canadian Investment Awards on November 29, 2007, the
RBC Global Resources Fund was recognized as the top Natural
Resource equity fund in Canada for 2007.
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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Jackie Braden, RBC Media Relations, (416) 974-2124