Banking: RBC Global Asset Management Inc. Sales Results Increase by $241 Million

RBC Global Asset Management Inc. today announced June net sales of $241 million. Long-term funds had net sales of $275 million and money market funds had net redemptions of $34 million. Assets under management increased by 1.1 per cent.

“June was a positive month for our diverse lineup of funds, as we continued to capture a significant portion of industry long-term mutual fund net sales,” said Doug Coulter, president of RBC Global Asset Management Inc. “As a result of the ongoing market volatility, advisors and investors appeared to seek funds that provided added value while controlling risk. The PH&N Total Return Bond Fund remained a favourite and saw strong inflows throughout the month.”

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