TORONTO, Aug. 9, 2024
/CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today
announced July mutual fund net sales of $1.3
billion. Long-term funds had net sales of $1.3 billion and money market funds had net sales
of $22 million. Mutual fund assets
under management increased by 3.2 per cent.
Mutual fund sales results information is based on preliminary
data from the Investment Funds Institute of Canada (IFIC) and only includes Canadian
prospectus qualified mutual funds.
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. Mutual
fund securities are not covered by the Canada Deposit Insurance
Corporation or by any other government deposit insurer. There can
be no assurances that a money market fund will be able to maintain
its net asset value per security at a constant amount or that the
full amount of your investment in the fund will be returned to you.
RBC Funds, BlueBay 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 98,000+ 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 more than 18 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). 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. RBC Funds, BlueBay Funds, PH&N
Funds and RBC ETFs are offered by RBC Global Asset Management Inc.
(RBC GAM Inc.) and distributed through authorized dealers in
Canada. The RBC GAM group of
companies, which includes RBC GAM Inc. (including PH&N
Institutional) and RBC Indigo Asset Management Inc., manage
approximately $625 billion in assets
and have approximately 1,600 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management Inc.