TORONTO, Nov. 8, 2018 /CNW/ - RBC Global Asset Management Inc. (RBC GAM) was recognized for its investment excellence last evening at the 2018 Lipper Canada Fund Awards in Toronto. The firm received two Overall Group awards: PH&N Funds in the Bond – Canada classification and PH&N Funds in the Overall – Canada classification.
RBC GAM's Fund Families* have been consistently recognized by Lipper since the awards inception, having won Best Overall Funds Group nine times and Best Bond Funds Group ten times over the past 12 years1.
"We are honoured to be once again recognized for the solid and consistent results of our investment teams," said Dan Chornous, Chief Investment Officer of RBC GAM. "I want to congratulate RBC GAM's teams for their commitment and discipline, and thank Canadian advisors and investors for their unwavering trust and support."
In addition to the Group awards, RBC GAM also won 9 individual fund awards in the following categories: Canadian Dividend & Income Equity, Canadian Fixed Income Canadian Neutral Balanced, Canadian Short Term Fixed Income, Canadian Small/Mid Cap Equity and US Small/Mid Cap Equity.
The Lipper Fund Awards recognize funds and fund management firms that have delivered strong, consistent performance. The Lipper Fund Awards take place in 23 countries in Asia, Europe, MENA, and the Americas. Lipper designates award-winning funds in most individual classifications for the three-, five-, and ten-year periods and fund families with high average scores for the three-year time period. The top three-year classification winners and fund family winners receive trophies at the ceremonies.
For a full list of this year's winners, please visit the Lipper Canada Fund Awards website.
*RBC GAM's Fund Families include RBC Funds, PH&N Funds and BlueBay Funds.
Best Overall Funds Group (2014, 2008, 2007 - RBC Funds; 2018, 2016, 2010-2013 – PH&N Funds) and Best Bond Funds Group (2015 – RBC GAM; 2018, 2016, 2010-2013, 2007-2008 – PH&N Funds; 2009 – RBC Funds).
Lipper Awards were based on best risk-adjusted performance for the periods ended July 31, 2018, 2016, 2015 and 2014; October 31, 2012, 2011 and 2010; November 30, 2009; and December 31, 2008, 2007 and 2006. From Thomson Reuters Lipper Awards, ©2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.
Please consult your advisor and read the prospectus or Fund Facts document 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. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc. and distributed through authorized dealers. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.
About RBC Global Asset 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 and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manages approximately $400 billion in assets and has approximately 1,400 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management
For further information: Leah Commisso, RBC GAM Corporate Communications, 416-955-6498, email@example.com