TORONTO, November 28, 2013 - RBC Global Asset Management Inc. (RBC GAM Inc.) was awarded multiple distinctions at the Morningstar® Canadian Investment Awards™ , an event that recognizes companies and individuals that have delivered superior investment management to investors.
"Being recognized at the Morningstar Canadian Investment Awards for the tenth consecutive year is a testament to the long-term investment excellence and value that we provide to our clients," said Dan Chornous, CIO of RBC GAM Inc. "The fact that RBC GAM Inc. has been recognized across multiple fund categories reflects the breadth of our investment professionals expertise and the rigour of our approach. I would like to congratulate our team of fund managers and analysts, and thank investors and advisors for their continued support."
RBC Funds and PH&N Funds that received industry recognition included:
|FUND CATEGORY||FUND||AWARD||PREVIOUS WINS|
|Best Multi-Strategy or Fund of Hedge Funds||PH&N Absolute Return Fund||Winner||2010, 2012|
|Best Canadian Fixed-Income Fund||PH&N Total Return Bond Fund||Finalist||1007|
|Best Canadian Dividend & Income Equity Fund||RBC Canadian Equity Income Fund||Finalist||2011|
|Best Emerging Markets Equity Fund||RBC Emerging Markets Equity Fund||Finalist|
To be considered for an individual fund award, investment funds must meet stringent criteria. Panels of industry experts review performance, focusing on the three-year return history, the quantitative performance of a fund on an absolute basis, as well as various measures of risk and diversification benefits. The panels also weigh qualitative factors such as management quality, availability and fee structure.
The Morningstar Canadian Investment Awards is the only national event of its kind in Canada that reflects the collective efforts of a broad range of industry experts, advisors and investors within the Canadian financial services industry. The awards recognize leadership in the investment industry and represent a wide range of investment products, including mutual funds, pooled funds and hedge funds.
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 $295 billion in assets and have approximately 1,100 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$615 billion of assets under administration, more than C$373 billion of assets under management and over 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com .
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.
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For further information, please contact:
Leah Commisso, RBC GAM Corporate Communications,