Streetwise newsletter: RBC mutual funds saw almost $3-billion in net redemptions in March amid market turmoil [Toronto Globe and Mail (Ontario, Canada)]
Royal Bank Of Canada (RY)
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Source: Toronto Globe and Mail
Streetwise newsletter: RBC mutual funds saw almost $3-billion in net redemptions in March amid market turmoil RBC mutual funds saw almost $3-billion in net redemptions in March amid market turmoil: Royal Bank of Canada’s asset management business saw $2.8-billion in net mutual fund redemptions last month as investors scrambled for cash and moved from longer-term funds into less volatile money market funds. (Mark Rendell) The weakest corporate pension plans now have even bigger problems: Corporate pension plans that came into the coronavirus crisis in weak shape are markedly less healthy now, and are facing hundreds of millions of dollars in new contributions to fix looming shortfalls. (David Milstead) RBC launches more services for clients hardest hit in pandemic using hundreds of retrained staff: Royal Bank of Canada has retrained hundreds of staff to build custom financial relief plans for personal banking clients who are in the most severe financial stress caused by the economic
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- RY's page on the SEC website