RBC Asset Management Inc. January sales results
RBC Asset Management Inc. today announced January net sales of $1.7 billion. Money market funds had net sales of $1.9 billion and long term funds had net redemptions of $199 million. Assets under management decreased by $1.0 billion or one per cent in January.
RBC Asset Management net sales results for the 12 months ended January 31 were $9.8 billion, including $4.7 billion in long term net sales and $5.1 billion in money market net sales. Assets under management have increased by $8.4 billion or 11 per cent over the same period.
Packaged solutions, led by RBC Select Portfolios, totalled $183 million in net sales for the month, showing strong resilience in the face of more volatile equity markets.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.