RBC Asset Management Inc. June sales results

RBC Asset Management Inc. today announced June net long term fund sales of $372 million. Money market funds had net redemptions of $10 million for a total of $362 million in overall net sales for the month. RBC Asset Management net sales results for the 12 months ended June 30, 2007 were $7.9 billion, including $5.9 billion in long-term net sales and $2.0 billion in money market net sales. Assets under management have increased by $16.0 billion or 26 per cent over the same period.

Net sales of the RBC Select Portfolios totalled $184 million in June and now exceed $9.7 billion in assets under management. Top selling individual funds included the RBC Tax Managed Return Fund with $45 million in net sales and the RBC O’Shaughnessy International Equity Fund with $27 million in net sales.