RBC Global Asset Management has announced August net sales of $102 million. Long-term funds had net sales of $210 million and money market funds had net redemptions of $108 million.
Assets under management decreased by 0.1 per cent.
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"RBC Global Asset Management continued to capture a significant portion of industry long-term mutual fund net sales," said Doug Coulter, president of RBC Global Asset Management Inc. "The RBC Balanced Growth & Income Fund has garnered more than $21 million in assets since its launch on August 12, 2013, indicating strong advisor and investor interest in diversified portfolios that deliver stability and long-term growth potential."
Sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC).
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