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

RBC has announced the December mutual fund net sales at $874 million, long-term fund net sales of $883 million, and money market funds had net redemptions of $8 million. Additionally, assets under management increased by 1.1 per cent.

Doug Coulter, President of RBC Global Asset Management Inc., commented:

“Even through the busy holiday season, Canadians continued to invest toward their long-term goals. In today’s markets, investors and advisors are favouring balanced products that offer stability through diversification. This can be seen through the continued strong inflows to our suite of RBC Select Portfolios, which remained among our top selling solutions this month.”

Read the full release, via RBC’s website, here.