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toronto, February 9, 2024 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today reported January net mutual fund sales $347 million.Net sales of long-term funds were $235 million Net sales of money market funds were $112 million. Mutual fund assets under management grew 0.6%.
Mutual fund sales results information is based on preliminary data from the Investment Fund Association Canada (IFIC) and includes only Canadian prospectus eligible mutual funds.
Please consult your advisor and read the prospectus or fund profile document before investing. There may be commissions, tracking commissions, management fees and expenses associated with investing in mutual funds. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc. and distributed through authorized dealers in the following areas: Canada. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank. Canada.
About Royal Bank of Canada
royal bank Canada is a global financial institution that uses a purpose-driven, principles-driven approach to deliver leading performance. Our success is built on our more than 94,000 employees who use their ideas and insights to turn our vision, values and strategies into reality, helping our customers thrive and our communities thrive.as Canadian As the largest bank, and one of the largest in the world by market capitalization, we have a diversified business model, a focus on innovation, and an exceptional experience for our 17 million customers. Canada, the United States and 27 other countries. For more information, visit rbc.com.
We are proud to support a wide range of community initiatives through donations, community investment and employee volunteerism. Visit rbc.com/community-social-impact to find out how.
About RBC Global Asset Management
Royal Bank of Canada Global Asset Management (RBC GAM) is the asset management arm of Royal Bank of Canada Canada (RBC), including 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 professional investment strategies. RBC GAM Group of Companies manages approx. $555 billion Approximately 1,500 employees worldwide Canada, USA, Europe and Asia.
SOURCE RBC Global Asset Management
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