RBC Asset Management Inc. March sales results
TORONTO, April 2, 2008 — RBC Asset Management
Inc. today announced March net sales of $1.2 billion. Money
market funds had net sales of $1.1 billion and long term funds
had net sales of $164 million. Assets under management increased
by $1.5 billion, or 1.7 per cent, in March.
Net sales of the RBC Select Portfolios totalled $151 million
in March and now exceed $11 billion in assets under management.
Also, sales of RBC Managed Portfolios, which are targeted
to mass affluent clients, totalled $66 million and now exceed
$3.3 billion in assets under management.
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 $92 billion in assets under management.
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, and provides
asset management and trust products and services directly
and through RBC partners and third-party distributors. RBC
Wealth Management has nearly $500 billion of assets under
administration, more than
$160 billion of assets under management, and more than 3,600
financial consultants, advisors, private bankers and trust
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Rina Cortese, RBC Wealth Management Communications,
Jackie Braden, RBC, Media Relations, (416) 974-2124