Mr. Brandon Dorey reports

RBC GLOBAL ASSET MANAGEMENT INC. ANNOUNCES JUNE SALES RESULTS FOR RBC FUNDS, PH&N FUNDS AND BLUEBAY FUNDS

Royal Bank of Canada's RBC Global Asset Management Inc. (RBC GAM) had June mutual fund net sales of $1-billion. Long-term funds had net sales of $477-million and money market funds had net sales of $525-million. Mutual fund assets under management increased by 1.1 per cent.

Mutual fund sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only includes Canadian prospectus qualified mutual funds.

About Royal Bank of Canada

RBC is a global financial institution with a purpose-driven, principle-led approach to delivering leading performance. Its success comes from the more than 98,000 employees who leverage their imaginations and insights to bring the bank's vision, values and strategy to life so the bank can help its clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, RBC has a diversified business model with a focus on innovation and providing exceptional experiences to its more than 18 million clients in Canada, the United States and 27 other countries.

RBC is proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.

About RBC Global Asset Management Inc.

RBC Global Asset Management is the asset management division of RBC. 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. RBC funds, BlueBay funds, PH&N funds, and RBC ETFs (exchange-traded funds) are offered by RBC GAM and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manage approximately $625-billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.