RBC Financial Group
RBC Home | Search | Site Map | Contact Us | Legal Terms | Français  
Other RBC Sites:
Banking Investments Capital Markets
» Corporate Profile
» Corporate Governance
» History
» Investor Relations
Media Newsroom
 News Releases
 Editorial Edge
 RBC Executive Profiles
 Speeches
 RBC Facts
 RBC Purchasing Managers’ Index
 RBC Canadian Consumer Outlook Index
 RBC U.S. Consumer Outlook Index
 Special Reports
 Multimedia
 Events Calendar
» RBC Social Media
» Economics
» Publications
» Community & Sustainability
» Careers
» Diversity
» Become a Supplier
» Become an Employee
» Make a Complaint

News Releases

 

RBC Asset Management Inc. and Phillips, Hager & North November sales results

TORONTO, December 3, 2009 — RBC Asset Management Inc. (RBC AM) and Phillips, Hager & North (PH&N) announced November net redemptions of $501 million. Money market funds had net redemptions of $1.2 billion and long-term funds had net sales of $653 million. Assets under management increased by $1.6 billion, or 1.6 per cent, in November.

"Long-term fund sales continued to show strength in November," said Doug Coulter, RBC AM President. "Most notably we saw a diverse mix of inflows into our equity and fixed income investments, such as our RBC Select Portfolios and PH&N High Yield Bond Fund, as investors continued to seek out yield as well as growth opportunities."

PH&N High Yield Bond Fund was ranked the top fund in the High Yield Fixed Income Fund category at the 2009 Canadian Investment Awards, one of two winners and six finalists among RBC and PH&N Funds.

About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) comprises RBC Asset Management Inc. (RBC AM), Phillips, Hager & North Investment Management Ltd. (PH&N) and Voyageur Asset Management Inc. Combined, RBC GAM's component companies manage approximately $200 billion in assets in Canada and the United States, including over $100 billion in IFIC-reported mutual fund assets in Canada. RBC AM won the Lipper Awards for "Best Bond Fund Family" in 2009 and "Best Overall Fund Group" in 2007 and 2008; PH&N won for "Best Bond Fund Family" in 2007 and 2008. Website: www.rbcgam.com.

RBC GAM 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 with a full suite of investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, and has more than $490 billion of assets under administration, more than $240 billion of assets under management and more than 4,500 financial consultants, advisors, private bankers and trust officers.

- 30 -

For more information, please contact:
Yen To,
RBC Global Asset Management Communications,
416-955-5916

Matt Gierasimczuk,
RBC Media Relations,
416-974-2124

 



Take Action
  Contact a member of the Media Relations Team


In the news
  RBC PMITM signals solid output growth in February (14.03.03)
  RBC seeks emerging painters to enter 16th annual RBC Canadian Painting Competition (14.02.21)
  Royal Bank of Canada announces results of conversion privileges of Non-Cumulative 5-Year Rate Reset First Preferred Shares Series
AJ & AL (14.02.14)
  More »


Related Links
  Quarterly Information
  RBC at a Glance
  RBC Letter
  About RBC


  Special Reports
 
  RBC Canadian Manufacturing Purchasing Managers'Index
 
12/03/2009 15:26:52