RBC Global Asset Management Inc. wins top honours in multiple categories at Lipper Canada Fund Awards

TORONTO, Nov. 6, 2014 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) was recognized for investment excellence at the 2014 Lipper Canada Fund Awards, held last evening in Toronto. In addition to receiving seven individual fund awards, RBC GAM Inc. received top honours, taking home the award for Best Overall Funds Group. 

"We are honoured to be recognized once again for investment excellence, and especially across such a broad range of capabilities," said Dan Chornous, Chief Investment Officer of RBC GAM Inc. "These results reflect the dedication, creativity and investment discipline that is applied across RBC GAM. I would like to congratulate our fund managers and analysts on their achievements, and thank our clients and advisors for their continued support."

RBC GAM Inc. has been recognized with Lipper Canada's top award for seven of the past eight years. Phillips, Hager & North Investment Management, a division of the company, won the Best Overall Funds Group award from 2010 to 2013. RBC GAM Inc. received this recognition in 2007 and 2008.

The Lipper Canada Fund Awards recognize funds and fund management firms that have delivered strong consistent performance. RBC GAM Inc. received the following individual fund awards:

The 2014 Lipper Canada Fund Awards are part of a global program to highlight funds and fund families that excel in delivering consistently strong risk-adjusted performance relative to their peers in 17 countries. 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 and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than C$350 billion in assets and have approximately 1,200 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 five 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$690 billion of assets under administration, more than C$426 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.

SOURCE RBC