RBC Global Asset Management receives top honours and multiple fund awards at Lipper Fund Awards for seven consecutive years

TORONTO, Feb. 6, 2013 /CNW/ - RBC Global Asset Management Inc. today announced that Phillips, Hager & North Investment Management (PH&N), a division of the company, captured two of the top four Lipper Group Awards: Best Funds Group Overall and Best Bond Funds Group, at the 2013 Lipper Fund Awards. In addition, RBC Global Asset Management received 12 individual fund awards.

PH&N also won the Best Funds Group Overall award in 2010, 2011, and 2012. RBC Global Asset Management received this recognition in 2007 and 2008. PH&N has won the Best Bond Funds Group award in all years since 2007, except in 2009 when RBC Global Asset Management received the recognition.

"We are honoured to be recognized among our peers in the industry. It is remarkable to receive top Lipper Group Awards seven years in a row, and certainly gratifying to receive multiple individual distinctions, but our focus remains on delivering solid and consistent risk-adjusted returns for our clients, first and foremost," said Dan Chornous, chief investment officer of RBC Global Asset Management. "Our teams are committed to this, and it is their dedication that has built our tradition of investment excellence."

The Lipper Fund Awards recognize funds and fund management firms that have delivered strong consistent performance. RBC Global Asset Management received the following individual fund awards.

The 2013 Lipper Fund Awards are part of a global program held in 23 countries to highlight funds and fund families that excel in delivering consistently strong risk-adjusted performance relative to their peers. Lipper, a Thomson Reuters company, is a global leader in supplying mutual fund information, analytical tools and commentary. The Lipper Fund Awards recognizes funds by individual classifications for the three-, five-, and 10-year periods. The Lipper Group Awards are determined by the high average scores of fund families during the three-year time period.

About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $270 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.

RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top 10 largest wealth managers. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high-net-worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$577 billion of assets under administration, more than C$339 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.

SOURCE: RBC