RBC Asset Management Inc. September sales results
RBC Asset Management Inc. today announced September net long term fund sales of $284 million. Money market funds had net sales of $46 million for a total of $330 million in overall net sales for the month. RBC Asset Management net sales results for the 12 months ended September 30, 2007 were
$7.1 billion, including $6.2 billion in long-term net sales and $0.9 billion in money market net sales. Assets under management have increased by $13.2 billion or 20 per cent over the same period.
“Our September results reflect a solid start to the fall investment season,” said Brenda Vince, president, RBC Asset Management. “Income oriented solutions were strong sellers. The RBC Tax Managed Return Fund, a popular choice for income investors, was our top selling fund with over $29 million in net sales. Our two RBC Cash Flow Portfolio Funds totalled over $26 million in net sales for the month.”
Net sales of the RBC Select Portfolios totalled $131 million in September and now exceed $10.1 billion in assets under management.
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