PI Global Investments
Hedge Funds

RBC Global Asset Management Inc. announces June sales results for RBC Funds, PH&N Funds and BlueBay Funds

TORONTO, July 8, 2022 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced June mutual fund net redemptions of $2.11 billion. Long-term funds had net redemptions of $2.24 billion and money market funds had net sales of $135 million. Mutual fund assets under management decreased by 5.7 percent.

RBC logo (CNW Group/RBC)

RBC logo (CNW Group/RBC)

“Markets continue to experience remarkable volatility as a result of ongoing economic uncertainty,” said Doug Coulter, president of RBC Global Asset Management Inc. “We value the trust our clients place in us, and we remain committed to providing them with the support and investment solutions needed to meet their investing goals.”

Mutual fund sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only include Canadian prospectus qualified mutual funds.

Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc. and distributed through authorized dealers in Canada. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 89,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $560 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC

Cision

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/08/c5714.html

Source link

Related posts

Billionaire Warren Buffett swears by this inexpensive investing strategy that anyone can try

Miles

10 Best Auto Stocks To Buy Now

Miles

Reversal of turbocharged public markets sinks pension fund fiscal-year returns

Miles

Leave a Comment

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

    100% secure your website.