TORONTO, April 12,
2024 /CNW/ - RBC Global Asset Management Inc.
("RBC GAM Inc.") today announced March net sales of $185 million for RBC Funds, RBC Private Pools,
RBC Alternative Funds and PH&N Funds (collectively, the
"Funds"). Long-term funds had net sales of $187 million and money market funds had net
redemptions of $2 million. Mutual
fund assets under management increased by 2.1 per cent.
Mutual fund sales results are based on preliminary data from the
Investment Funds Institute of Canada (IFIC) and only include Canadian
prospectus qualified mutual funds.
Portfolio Holdings Disclosure
Going forward, we have
determined to make the portfolio holdings of the Funds available on
our website on a quarterly basis for those unitholders who are
interested in this information. Generally, the Funds' portfolio
holdings will be made available no earlier than 10 business days
following the quarter end (certain Funds will have longer periods
before posting). This disclosure is in addition to the quarterly
portfolio disclosure for the top 25 holdings required to be
provided within 60 days of the quarter end under applicable
securities laws.
Please consult your advisor and read the prospectus or Fund
Facts document 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. RBC
Funds, RBC Private Pools, RBC Alternative Funds and PH&N Funds
are offered by RBC GAM Inc. and distributed through authorized
dealers in Canada. RBC GAM Inc. is
a member of the RBC GAM group of companies and an indirect wholly
owned subsidiary of Royal Bank of Canada.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 94,000+ employees who
leverage their imaginations and insights to bring our vision,
values and strategy to life so we can help our clients thrive and
communities prosper. As Canada's
biggest bank and one of the largest in the world, based on market
capitalization, we have a diversified business model with a focus
on innovation and providing exceptional experiences to our 17
million clients in Canada, the
U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
About RBC Global Asset Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal
Bank of Canada (RBC) and includes
money managers BlueBay and Phillips, Hager & North Investment
Management. RBC GAM is a provider of global investment management
services and solutions to institutional, high-net-worth and
individual investors through separate accounts, pooled funds,
mutual funds, hedge funds, exchange-traded funds and specialty
investment strategies. The RBC GAM group of companies manage
approximately $575 billion in assets
and have approximately 1,500 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management Inc.