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Chris Beer awarded 2010 Fund Manager of the Year by Investment
Executive
TORONTO, December 1, 2010 — RBC Global
Asset Management Inc. (RBC GAM) is pleased to announce that
Chris Beer, Senior Portfolio Manager, has been awarded the
2010 Fund Manager of the Year distinction by Investment Executive
(IE), Canada's dedicated publication for investment advisors.
IE named Beer the top manager as a result of his superior
10-year performance track record managing the RBC Global Precious
Metals Fund.
"It is an honour to receive this recognition and share
it with my co-manager Brahm Spilfogel and other members of
the RBC GAM Canadian Equity Team, who have been instrumental
in providing consistent and rigorous research that has resulted
in added value for our clients," said Beer, who joined
the team in December 2000. "Over the past 10 years, we
have navigated a number of extreme market events and we view
this acknowledgement as continued confidence in our approach."
IE selects the Fund Manager of the Year by ranking all funds
with a 10-year performance record in a point-based scoring
system. The funds are ranked based on annual returns, relative
outperformance and quartile performance. Other criteria factored
into the methodology include cumulative 10-year returns, management
expense ratios and correlation with the S&P/TSX Composite
Total Return Index.
According to IE, "Anyone can have a good year or two;
we look for managers with outstanding 10-year records, on
the basis that 10 years represents two average business cycles,
which means that excellent performance over that time frame
is probably due to manager skill, not simply luck or good
timing."
The RBC Global Precious Metals Fund is a five-star Morningstar-rated
fund and is among the lowest cost precious metals fund in
its category. The fund is available to individual investors
through the following management fee options: 1.00 per cent
for Series D (for those who invest directly through PH&N
Investment Services and RBC Direct Investing), 1.75 per cent
for Series A, 1.75 per cent for Advisor Series and 0.75 per
cent for Series F (available through financial advisors).
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
The RBC Global Asset Management (RBC GAM) brand comprises
investment services and solutions offered by RBC Global Asset
Management Inc., RBC Global Asset Management (U.S.) Inc.,
RBC Asset Management U.K. Ltd. and RBC Investments Management
(Asia) Ltd. The group of companies form the asset management
division of Royal Bank of Canada (RBC), a global institution
with the reputation of stability and strength. RBC GAM group
of companies manage approximately C$200 billion (US$203B,
£129B or €149B) in assets as of October 31, 2010.
RBC Global Asset Management Inc. is the manager of RBC Funds
and PH&N Funds. PH&N Funds won the Lipper Awards for
"Best Overall Fund Group" in 2010 and "Best
Bond Fund Family" in 2007, 2008 and 2010; RBC Funds won
the Lipper Awards for "Best Bond Fund Family" in
2009 and "Best Overall Fund Group" in 2007 and 2008.
Lipper Fund Awards were awarded based on the best risk-adjusted
performance over the three-year periods ended December 31
of the previous year. Website: www.rbcgam.com.
RBC Global 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. RBC Wealth Management provides integrated
and diversified international wealth management expertise
and solutions, asset management and trust services to high
net worth individuals and to corporate and institutional clients.
Services provided by RBC Wealth Management consultants, advisors,
private bankers and trust officers include trust and estate
planning, tax advice, discretionary investment management
and investment advisory services, structured solutions, banking,
lending and global custody. RBC Wealth Management has approximately
$500 billion of assets under administration, $250 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:
Yen To, RBC Global Asset Management Communications,
416 955-5916
Elyse Lalonde, RBC Media Relations, 416 974-8810
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