RBC Asset Management Inc. March sales results
RBC Asset Management Inc. today announced $704 million in net sales of long-term funds for the month of March. Money market net sales were $141 million for a total of $845 million in overall net sales for the month. RBC Asset Management net sales results for the 12 months ended March 31, 2007 were $7.2 billion, including $5.5 billion in long-term net sales and $1.7 billion in money market net sales.
“March sales pushed our overall assets under management over $75 billion for the first time,” said Brenda Vince, president, RBC Asset Management. “We are very proud of this accomplishment, as it reflects a product lineup that delivers excellent value to our clients and what we hope continues to be excellent relationships with our investors and advisors.”
Net sales of the RBC Select Portfolios totalled $330 million in March and now exceed $9 billion in assets under management. Top selling individual funds included the RBC Canadian Dividend Fund with $77 million in net sales and the RBC O’Shaughnessy International Equity Fund with $61 million in net sales.
About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary of Royal Bank of Canada. RBC Asset Management Inc. provides a broad range of investment services to investors through mutual funds, pooled funds and separately managed portfolios. With offices in major financial centres around the world, RBC Asset Management Inc. is one of Canada’s largest money managers.
RBC Asset Management’s mutual fund family was awarded the “Best Overall Fund Group” in Canada for 2007 by Lipper Inc. The prestigious award is part of a global program of events held by Lipper in 21 countries to highlight funds and fund families that excel in delivering consistently strong risk-adjusted performance relative to their peers. Visit our website at www.rbcam.com.
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