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
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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Rina Cortese, RBC Wealth Management Communications,
Jackie Braden, RBC, Media Relations,