RBC GAM, IGM Financial report mutual fund sales, AUM

RBC Global Asset Management (RBC GAM) announced March mutual fund net sales of $418 million on Thursday.

In a release, the company said its long-term funds had net sales of $329 million while the net sales for its money market funds were $89 million. RBC GAM’s mutual fund assets under management (AUM) had risen 0.2%.

It also reported ETF sales of $417 million for Q1 2018. Its ETF assets under management increased to $5.1 billion, making it the fifth-largest ETF provider in the country.

Read: Mutual fund sales drop in February

IGM Financial Inc. also announced fund sales figures on Thursday. In a release, it said its preliminary total investment fund net new money for March was $454.2 million. This figure comprises sales of mutual funds and ETFs.

The firm’s total AUM, as at March 31, 2018, was $155.8 billion compared to $156.4 billion as of Feb. 28, 2018 and$147.5 billion a year earlier.

Meanwhile, its investment fund AUM was $149.2 billion as of March 31, 2018, compared with $149.7 billion as of Feb. 28, 2018 and $142.1 billion a year earlier.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.