TORONTO, Nov. 5, 2015 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) was recognized for investment excellence at the 2015 Lipper Canada Fund Awards, held last evening in Toronto, receiving top honours with two Group awards: Best Bond Funds Group and Best Bond ETFs Group.
In addition to receiving the Group awards, RBC GAM Inc. won nine individual fund awards in the following categories: Canadian Fixed Income, Emerging Markets Equity, Global Fixed Income Balanced, High Yield Fixed Income and Canadian Short Term Fixed Income.
"Being recognized as the Best Bond Funds Group in Canada for eight of the past nine years is an honour and testament to our fixed income expertise," said Dan Chornous, chief investment officer of RBC GAM Inc. "We are committed to providing solid, consistent performance across all our investment solutions, and the variety of the awards we received tonight reflects the breadth of our capabilities. I congratulate RBC GAM's investment teams for their outstanding work, and thank our clients for their continued support."
Demonstrating a tradition of investment excellence, Phillips, Hager & North Investment Management, a division of RBC GAM Inc., won the Best Bond Funds Group award from 2007 to 2013, except in 2009 when RBC Asset Management received the recognition.
Furthermore, the suite of RBC Target Maturity Corporate Bond ETFs, designed to provide investors with greater quality and transparency in their fixed income portfolios, is the first ever recipient of the Lipper Award for Best Bond ETFs Group.
For a full list of this year's winners, please visit the Lipper Canada Fund Awards website.
The 2015 Lipper Canada Fund Awards are part of a global program to highlight funds and fund management firms for their consistently strong risk-adjusted three-, five-, and ten-year performance, relative to their peers, based on Lipper's proprietary performance-based methodology. Lipper, a Thomson Reuters company, is a global leader in supplying mutual fund information, analytical tools and commentary.
Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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 $380 billion and have approximately 1,300 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 globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. 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 GAM business. RBC Wealth Management has more than C$778 billion of assets under administration, more than C$503 billion of assets under management and approximately 4,050 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2015. 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.