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RBC Global Asset Management Portfolio Managers Named Among 2012 Canadian TopGun Investment Minds For Fourth Consecutive Year

TORONTO, August 14, 2012 - Brendan Wood International yesterday announced the results of its annual search for the TopGun Investment Minds based in Canada, naming 10 fund managers from RBC Global Asset Management as "TopGuns". RBC Global Asset Management achieved TopGun Team status for the fourth consecutive year, and Phillips, Hager & North Investment Management was awarded TopGun Team status for the first time this year.

In addition, Brendan Wood International ranked Dan Chornous, RBC Global Asset Management's Chief Investment Officer (CIO), among the 2012 Canadian TopGun Team Leaders.

"We are honoured to be recognized as leaders in Canadian equity management," said Dan Chornous, CIO of RBC Global Asset Management. "While we manage our funds using a team approach, we recognize that collective success is very much dependent on the investment talents of individuals. We congratulate our portfolio managers for the well deserved recognition that they have received from the street."

Nine of the fund managers retained their TopGun status from 2011. TopGuns achieved Platinum Class based on the number of votes and having been selected as TopGuns for four consecutive years.

2012 Brendan Wood Canadian TopGun Investment Minds:

Dennis Chan, Phillips, Hager & North
Scott Lysakowski, Phillips, Hager & North
Jennifer McClelland, RBC Global Asset Management
Doug Stadelman, Phillips, Hager & North
Andrew Sweeney, Phillips, Hager & North

PLATINUM CLASS WINNERS
Christopher Beer, RBC Global Asset Management
Stuart Kedwell, RBC Global Asset Management
Marcello Montanari, RBC Global Asset Management
Doug Raymond, RBC Global Asset Management
Brahm Spilfogel, RBC Global Asset Management

TopGuns were selected by their counterparties, namely Brendan Wood International's panel of leading sell-side analysts and sales professionals. Out of more than 800 potential candidates, 482 investment professionals received nominations and of the nominees 72 individuals attained TopGun status representing nine per cent of the total universe.

About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $250 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.
 
RBC Global Asset Management is part of RBC Wealth Management, which 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 business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$560 billion of assets under administration, more than C$322 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.

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For more information, please contact:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498