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RBC Global Asset Management Inc. receives top Lipper Awards for fifth consecutive year

TORONTO, FEBRUARY 4, 2011— RBC Global Asset Management Inc. (RBC GAM) was presented with multiple top group and individual fund awards by Lipper Inc. last night in Toronto.

"It is an honour to receive these acknowledgements from the Lipper Fund Awards once again. This marks the fifth consecutive year our investment management teams of PH&N Funds and RBC Funds have won such distinctions," said Dan Chornous, chief investment officer of RBC GAM. "We recognize that we are in a trusted position as stewards of our clients' savings and we take our responsibility seriously. Our success reflects the rigorous work that our investment professionals and analysts perform day in and day out. I would like to congratulate our teams for their diligence and dedication in continually delivering exceptional value to our clients."

Phillips, Hager & North Investment Management (PH&N) captured two of the top Lipper Group Awards: Best Bond Fund Family and Best Overall Fund Group.

RBC Funds and PH&N Funds that received individual Lipper Fund Awards:

     
CLASSIFICATION
Canadian Dividend & Equity Income
Best Fund 10 Years RBC Canadian Dividend Fund
Canadian Equity Best Fund 1 Year RBC O'Shaughnessy All-Canadian Equity Fund
Canadian Focused Equity Best Fund 1 Year PH&N Canadian Growth Fund
Canadian Neutral Balanced Best Fund 10 Years RBC Monthly Income Fund
Canadian Focused Equity Best Fund 1 Year PH&N Canadian Growth Fund


About RBC Wealth Management
RBC Wealth Management is one of the world's top 10 largest wealth managers. RBC Wealth Management directly serves affluent, high-net-worth and ultra high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa and Asia with a full suite of banking, 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, through its RBC Global Asset Management division. RBC Wealth Management has more than $520 billion of assets under administration, more than $260 billion of assets under management and approximately 4,500 financial consultants, advisors, private bankers and trust officers.

About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 78,000 full- and part-time employees who serve close to 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 51 other countries. For more information, please visit rbc.com.

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Media Enquiries:

RBC Wealth Management:

Canada: Claire Holland, 416 974 9334
claire.holland@rbc.com

Americas: Sanam Alaghband, 212 618 5589, sanam.alaghband@rbc.com

Europe/Asia: Paul French, +44 (0)20 7002 2013
paul.french@rbc.com