TORONTO, March 29 /CNW/ - The RBC Asset Management mutual fund family has
been awarded the "Best Overall Fund Group" in Canada by Lipper Inc. The
prestigious award is part of a global program of events held by Lipper in 21
countries to highlight funds and fund families that excel in delivering
consistently strong risk-adjusted performance relative to their peers. The
award was presented at last night's Lipper Fund Awards 2007 ceremony, the
first ever held in Canada.
"We hope that in receiving this award, even more investors and their
advisors become aware of our ongoing commitment to meeting their needs," said
Brenda Vince, president, RBC Asset Management Inc. "Our focus is on delivering
smart portfolio solutions, offering competitive pricing, developing innovative
cash flow products and sharing our expertise and experience in global
investing. We want RBC Funds to always be considered by investors looking for
performance, value, choice and transparency in their investment products."
"We're very proud to be honoured by a leading global authority in the
mutual fund industry," added George Lewis, group head, RBC Wealth Management
and CEO of RBC Asset Management. "This achievement celebrates excellence in
investment management and is an important external validation of the value we
deliver to investors and of our leadership position in the industry. Our
success is a result of our best-in-class investment process and execution
under the leadership of our Chief Investment Officer Dan Chornous, as well as
strong operations and service teams, fund governance, compliance and risk
RBC Funds, Canada's largest single fund family, was presented the Best
Overall Fund Group Award for having the best risk-adjusted performance among
large fund families over a three-year time period ending December 31, 2006.
Fund families with at least five equity, five bond and three mixed-asset funds
were eligible for the large group award. The 12 fund groups that make up the
large group category represent a universe of 1,345 mutual funds.
RBC Asset Management has led the industry in long-term net sales for 13
consecutive quarters and 95 per cent of RBC Fund Management Expense Ratios
(MERs) are below the industry average.
Lipper Inc., a Reuters company, is a global leader in supplying mutual
fund information, analytical tools and commentary. The award-winning funds are
among the 130,000 funds Lipper tracks globally.
About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary of
Royal Bank of Canada. RBC Asset Management Inc. provides a broad range of
investment services to investors through mutual funds, pooled funds and
separately managed portfolios. With over $78 billion in assets under
management and offices in major financial centres around the world, RBC Asset
Management Inc. is one of Canada's largest money managers. Visit our website
RBC 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, provides asset management and trust services through
RBC partners and third-party distributors and has over $500 billion of assets
under administration, 3,500 financial advisors and $150 billion of assets
For further information:
For further information: Katherine Gay, RBC Wealth Management, (416)
974-6286 or firstname.lastname@example.org; Kathy Bevan, RBC, (416) 974-8810 or