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Canada : RBC Global Asset Management Inc. announces October sales results for RBC Funds and PH&N Funds.

RBC Global Asset Management Inc. today announced October mutual fund net sales of $569 million. Long-term funds had net sales of $631 million and money market funds had net redemptions of $62 million. Assets under management increased by 1.1 per cent.

Despite recent market volatility, in October we were pleased to see strong flows continue into our diverse line-up of long-term mutual funds, said Doug Coulter, President of RBC GAM Inc. A significant contributor to our positive inflows was RBC Select Portfolios, Canada's largest suite of portfolio solutions with more than $44 billion in assets under management.

Sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC).

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Publication:Mena Report
Article Type:Financial report
Date:Nov 7, 2014
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