Earlier today, RBC Global Asset Management
Inc. announced October mutual fund net sales of $674 million. Long-term funds had net sales of $697 million and money market funds had net redemptions of $22 million. Assets under management increased by 0.1 per cent.
“In today’s market, investors and advisors favour products that offer diversification,' said Doug Coulter, president of RBC Global Asset Management Inc. 'One of the top sellers this month was the RBC Global Bond Fund. This fund takes advantage of interest rate and currency fluctuations in the world of fixed income markets and strives to achieve above average long-term returns while controlling risk.”
Sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only include Canadian prospectus qualified mutual funds.