RBC Global Asset Management Inc. announces May sales results
for RBC Funds and PH&N Funds
TORONTO, JUNE 3, 2011— RBC Global Asset Management
Inc. (RBC GAM) announced May net sales of $484 million. Long-term
funds had net sales of $754 million and money market funds
had net redemptions of $270 million. Assets under management
increased by $600 million or 0.5 per cent.
"May proved to be a tremendous month for RBC Global Asset
Management, as we exceeded all other previous May sales results.
With strong inflows across our diverse line-up of funds, we
maintained our position as an industry leader in long-term
mutual fund net sales," said Doug Coulter, president
of RBC Global Asset Management Inc. "As a result of the
investor focus on yield, the PH&N Monthly Income Fund
remained one of our top-selling funds."
In addition to the PH&N Monthly income fund, other top
selling RBC Funds and PH&N Funds for May included: RBC
Select Portfolios, RBC Managed Payout Solutions, RBC Monthly
Income Fund, and RBC Canadian Dividend Fund.
Please read the prospectus before investing. There may be
commissions, trailing commissions, management fees and expenses
associated with mutual fund investments. Mutual funds are
not guaranteed, their values change frequently and past performance
may not be repeated
About RBC Global Asset Management and
RBC Wealth Management
Asset Management (RBC GAM) (RBC GAM) is the asset management
division of Royal Bank of Canada (RBC) which includes institutional
money managers Phillips, Hager & North Investment Management
(PH&N), RBC Global Asset Management (U.S.) and BlueBay
Asset Management. RBC GAM is a provider of global investment
management services and solutions to individual, high net
worth and institutional investors through mutual funds, pooled
funds, hedge funds, segregated accounts and specialty investment
strategies. RBC GAM group of companies manage approximately
$250 billion in assets and have almost 1,000 employees located
across Canada, the United States, Europe and Asia.
Global 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.
RBC Wealth Management provides integrated and diversified
international wealth management expertise and solutions, asset
management and trust services to high net worth individuals
and to corporate and institutional clients. Services provided
by RBC Wealth Management consultants, advisors, private bankers
and trust officers include trust and estate planning, tax
advice, discretionary investment management and investment
advisory services, structured solutions, banking, lending
and global custody. RBC Wealth Management has over $535 billion
of assets under administration, over $300 billion of assets
under management and more than 4,500 financial consultants,
advisors, private bankers and trust officers.
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For more information, please contact:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498