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RBC Global Asset Management Inc. announces
February sales results for RBC Funds and PH&N Funds
TORONTO, March 6, 2013 — RBC Global Asset Management
Inc. today announced February net sales of $1.2 billion. Long-term
funds had net sales of $1.3 billion and money market funds
had net redemptions of $142 million. Assets under management
increased by 2.3 per cent.
"February proved to be another strong month for us,"
said Doug Coulter, president of RBC Global Asset Management
Inc. "We continued to capture a significant portion of
industry long-term mutual fund sales during another busy RRSP
season. Our RBC Select Portfolios proved to be a particular
favourite among investors and advisors, reaching nearly $1
billion in net sales for the month."
Sales results information is based on preliminary data from
the Investment Funds Institute of Canada (IFIC).
About RBC Global Asset Management and
RBC Wealth Management
RBC Global
Asset Management (RBC GAM) is the asset management division
of Royal Bank of Canada (RBC), and includes institutional
money managers BlueBay Asset Management, Phillips, Hager &
North Investment Management and RBC Global Asset Management
(U.S.). RBC GAM is a provider of global investment management
services and solutions to individual, high-net-worth and institutional
investors through exchange-traded funds, hedge funds, mutual
funds, pooled funds, separate accounts and specialty investment
strategies. RBC GAM group of companies manage more than $280
billion in assets and have approximately 1,000 employees located
across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC
Wealth Management, which is one of the world's top 10
largest wealth managers. RBC Wealth Management directly serves
affluent, high-net-worth and ultra-high-net-worth clients
in Canada, the United States, Latin America, Europe, the Middle
East, Africa and Asia with a full suite of banking, 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, through its RBC Global Asset Management
business (which includes BlueBay Asset Management). RBC Wealth
Management has more than C$593 billion of assets under administration,
more than C$353 billion of assets under management and approximately
4,300 financial consultants, advisors, private bankers and
trust officers.
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For more information, contact:
Jeff Keay, RBC GAM Communications,
416 955-5916
Leah Commisso RBC
GAM Media Relations, 416 955-6498
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