Lipper names RBC Asset Management as Canada's Best Bond
Fund Family
RBC Asset Management and Phillips, Hager & North also
receive seven individual fund category awards
TORONTO, April 29, 2009 — RBC Asset Management
Inc. (RBC AM) has received the award for Best Bond Fund Family
in Canada by Lipper Inc.
RBC AM was presented the award for having the bond fund family
with the best risk-adjusted performance over a three-year
time period ended December 31, 2008. The award, presented
at last night's Lipper Fund Awards 2009 ceremony, is part
of a global program of events held in 21 countries to highlight
funds and fund families that excel in delivering consistently
strong risk-adjusted performance relative to their peers.
"We are very pleased by this recognition of our talented
fixed income management team," said Doug Coulter, president
of RBC AM. "In the current market environment, investors
are particularly interested in conservative investment options,
and this award validates the fact that our bond funds are
among the best managed in the country."
Phillips, Hager & North (PH&N), a wholly owned subsidiary
of RBC since May, 2008, won the Best Bond Fund Family award
in 2007 and 2008. "The combined expertise of RBC AM and
PH&N results in a strong and diversified range of fixed
income funds for investors to choose from," noted Coulter.
RBC AM also received Lipper awards in the Canadian Fixed Income
category for the RBC Canadian Bond Index Fund (for one-, three-
and five-year periods), and in the Precious Metals Equity
category for the RBC Global Precious Metals Fund (one-year
period). The PH&N High Yield Bond Fund received awards
in the High Yield Fixed Income category (for one-, three-
and five-year periods).
Combined, the RBC AM and PH&N fixed income management
teams comprise 36 investment professionals and manage over
$90 billion in assets (as at December 31, 2008).
Lipper, a Thomson Reuters company, is a global leader in
supplying mutual fund information, analytical tools and commentary.
The award-winning funds are among the 140,000 funds Lipper
tracks globally.
About RBC Asset Management, Phillips, Hager & North
and RBC Wealth Management
Combined, RBC Asset Management Inc. (RBC AM) and Phillips,
Hager & North Investment Management Ltd. (PH&N) have
$94 billion in IFIC-reported mutual fund assets under management
and an additional $50 billion in other institutional and private
client assets under management.
RBC AM and PH&N are part of RBC Wealth Management, which
directly serves affluent and high net worth clients in Canada,
the United States, Latin America, Europe and Asia. RBC Wealth
Management also provides asset management and trust products
and services directly and through RBC and third-party distributors
to all client segments, and has over $450 billion of assets
under administration, more than C$220 billion of assets under
management and more than 4,000 financial consultants, advisors,
private bankers and trust officers.
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For more information, please contact:
Chris Dotson,
RBC Global Asset Management Communications,
(604) 408-6009
Jackie Braden,
RBC Media Relations,
(416) 974-2124
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