RBC Asset Management Inc. July sales results
RBC Asset Management Inc. today announced July net long term fund sales of $434 million. Money market funds had net sales of $43 million for a total of $477 million in overall net sales for the month. RBC Asset Management net sales results for the 12 months ended July 31, 2007 were $8.1 billion, including $6.2 billion in long-term net sales and $1.9 billion in money market net sales. Assets under management have increased by $14.2 billion or 22 per cent over the same period.
Net sales of RBC Portfolio solutions exceeded $300 million in July, reflecting investors and advisors continued discipline and focus on long-term strategies in the face of recent market volatility.
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