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News Releases

 

Lipper names RBC Asset Management as Best Overall Fund Group for second consecutive year

RBC Asset Management also receives four individual fund category awards

TORONTO, April 3, 2008 — For the second consecutive year, RBC Asset Management Inc. has been named "Best Overall Fund Group" in Canada by Lipper Inc.

RBC Asset Management was presented the Best Overall Fund Group award for having the best risk-adjusted performance over a three-year time period ending December 31, 2007. The coveted award, presented at last night's Lipper Fund Awards 2008 ceremony, is part of a global program of events held by Lipper in 21 countries to highlight funds and fund families that excel in delivering consistently strong risk-adjusted performance relative to their peers. Fund families with at least five equity, five bond and three mixed-asset funds were eligible for the award.

"We're delighted to receive this recognition of our fund performance for the second year in a row," said George Lewis, group head, RBC Wealth Management and CEO of RBC Asset Management. "In fact, under the leadership of our Chief Investment Officer, Dan Chornous, not only do we have strong three year performance, but more than 80 per cent of our clients' assets are held in RBC Funds that are in the top two quartiles of investment performance over one, three, five and ten year time periods."

RBC Asset Management also received the Lipper awards over various time periods in the Global Fixed Income and U.S. Small/Mid Caps equity categories for the RBC Global Bond Fund (one-year), RBC U.S. Mid-Cap Equity Fund (three-year) and RBC O'Shaughnessy U.S. Growth Fund (five- and ten-year).

Lipper, a Reuters company, is a global leader in supplying mutual fund information, analytical tools and commentary. The award-winning funds are among the 98,000 funds Lipper tracks globally.

In addition to the five Lipper Awards, RBC Asset Management was also recognized at the 2007 Canadian Investment Awards, where the RBC Global Resources Fund was named the top natural resource equity fund in Canada.

About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary of Royal Bank of Canada. RBC Asset Management Inc. provides a broad range of investment services to investors through mutual funds, pooled funds and separately managed portfolios. With offices in major financial centres around the world, RBC Asset Management Inc. is one of Canada's largest money managers and has over $90 billion in assets under management. Visit our website at www.rbcam.com.

RBC Asset Management is part of RBC Wealth Management which directly serves affluent and high net worth clients in Canada, the United States, Latin America, Europe and Asia, and provides asset management and trust products and services directly and through RBC partners and third-party distributors. RBC Wealth Management has nearly $500 billion of assets under administration, more than $160 billion of assets under management, and more than 3,600 financial consultants, advisors, private bankers and trust officers.

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Media contacts:
Rina Cortese, RBC Wealth Management Communications,
(416) 974-6970

Jackie Braden, RBC, Media Relations,
(416) 974-2124


 



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04/03/2008 09:08:20