TORONTO, Feb. 4, 2016 /CNW/ - RBC Global Asset Management
Inc. today announced January mutual fund net redemptions of
$179 million. Long-term funds had net
redemptions of $90 million and money
market funds had net redemptions of $89
million. Assets under management decreased by 1.5 per
cent.
"With recent uncertainty in the markets, some investors are
pausing as they consider their options," said Doug Coulter, president of RBC Global Asset
Management Inc. "Nevertheless, many Canadian investors and advisors
continue to invest for the long term. As a result, growth-oriented
funds such as the RBC Global Dividend Growth Fund were among our
most popular solutions in January."
Sales results information is based on preliminary data from the
Investment Funds Institute of Canada (IFIC).
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.
About RBC Global Asset Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal Bank
of Canada (RBC) and includes
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 more
than $380 billion in assets and have
approximately 1,300 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC