Phillips, Hager & North awarded Best Overall Fund Group
and Best Bond Fund Family by Lipper Inc.
RBC Asset Management and Phillips, Hager & North also
receive three individual fund category awards
TORONTO, February 19, 2010 Phillips, Hager
& North Investment Management Ltd. (PH&N) was awarded
the Best Overall Fund Group and Best Bond Fund Family in Canada
by Lipper Inc., a global leader in supplying mutual fund information,
at an awards ceremony held yesterday in Toronto. PH&N
received the awards for having the overall fund group and
bond fund family with the best risk-adjusted performance over
a three-year period ended December 31, 2009.
"It is an honour to be recognized by the Lipper Fund
Awards for the fourth consecutive year, especially in light
of the challenging market conditions," said Dan Chornous,
chief investment officer of RBC Global Asset Management. "At
the heart of our approach are teams of talented investment
professionals and analysts. Our success reflects their focus
on rigorous and consistent research, and our culture of keeping
clients at the forefront of everything we do."
In the individual fund categories, PH&N Short Term Bond
& Mortgage Fund won the Canadian Short Term Fixed Income
award for all time periods (one, three, five and 10 years).
For the second year in a row, PH&N High Yield Bond Fund
won in the High Yield Fixed Income category for the three-
and five-year periods. RBC Monthly Income Fund won in the
Canadian Neutral Balanced category for its 10 year risk-adjusted
PH&N, a wholly owned subsidiary of RBC since May 2008,
won the Best Bond Fund Family award in 2007 and 2008. RBC
Asset Management Inc. (RBC AM) won the Best Bond Fund Family
award in 2009 and was awarded the Best Overall Fund Group
in 2007 and 2008.
The 2010 Lipper Fund Awards 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.
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
Please read the prospectus 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) comprises RBC Asset
Management Inc. (RBC AM), Phillips, Hager & North Investment
Management Ltd. (PH&N) and RBC Global Asset Management
(U.S.) Inc. Dan Chornous is CIO of RBC AM and PH&N. Combined,
RBC GAM's component companies manage approximately $200 billion
in assets, including over $100 billion in IFIC-reported mutual
fund assets in Canada. PH&N won the Lipper Awards for
"Best Overall Fund Group" in 2010 and "Best
Bond Fund Family" in 2007, 2008 and 2010; RBC AM won
the Lipper Awards for "Best Bond Fund Family" in
2009 and "Best Overall Fund Group" in 2007 and 2008.
RBC GAM 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 with a full
suite of 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, and has more than $500 billion of
assets under administration, over $245 billion of assets under
management and more than 4,500 financial consultants, advisors,
private bankers and trust officers.
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For more information, please contact:
RBC Global Asset Management Communications, 416-955-5916
RBC Media Relations, 416-974-2124