TORONTO, March 10, 2023 /CNW/ – RBC International Asset Administration Inc. (“RBC GAM Inc.”) as we speak introduced February mutual fund web gross sales of $427 million. Lengthy-term funds had web gross sales of $418 million and cash market funds had web gross sales of $9 million. Mutual fund property below administration decreased by 1.4 per cent.
Mutual fund gross sales outcomes data is predicated on preliminary knowledge from the Funding Funds Institute of Canada (IFIC) and solely embrace Canadian prospectus certified mutual funds.
Please seek the advice of your advisor and browse the prospectus or Fund Details doc earlier than investing. There could also be commissions, trailing commissions, administration charges and bills related to mutual fund investments. Mutual funds are usually not assured, their values change incessantly and previous efficiency might not be repeated. RBC Funds, BlueBay Funds and PH&N Funds are provided by RBC GAM Inc. and distributed by way of approved sellers in Canada. RBC GAM Inc. is a member of the RBC GAM group of corporations and an oblique wholly owned subsidiary of Royal Financial institution of Canada.
Royal Financial institution of Canada is a world monetary establishment with a purpose-driven, principles-led strategy to delivering main efficiency. Our success comes from the 97,000+ staff who leverage their imaginations and insights to convey our imaginative and prescient, values and technique to life so we may help our purchasers thrive and communities prosper. As Canada’s largest financial institution and one of many largest on the planet, based mostly on market capitalization, we’ve got a diversified enterprise mannequin with a deal with innovation and offering distinctive experiences to our 17 million purchasers in Canada, the U.S. and 27 different international locations. Be taught extra at rbc.com.
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About RBC International Asset Administration
RBC International Asset Administration (RBC GAM) is the asset administration division of Royal Financial institution of Canada (RBC) and contains cash managers BlueBay Asset Administration and Phillips, Hager & North Funding Administration. RBC GAM is a supplier of worldwide funding administration companies and options to institutional, high-net-worth and particular person traders by way of separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty funding methods. The RBC GAM group of corporations handle roughly $525 billion in property and have roughly 1,500 staff positioned throughout Canada, the USA, Europe and Asia.
SOURCE RBC International Asset Administration Inc.
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