TORONTO, DECEMBER 2, 2010 — RBC Global Asset Management Inc. (RBC GAM) was awarded multiple distinctions at the 16th annual Canadian Investment Awards gala held last night in Toronto, Canada.
“It is a tremendous honour to be recognized among our peers in the industry,” said Doug Coulter, President of RBC GAM. “These awards reflect the consistent diligence and dedication of our investment professionals, who continually endeavour to deliver exceptional value to our clients. Congratulations to the teams, and thank you to the investors, advisors and analysts that continue to support us.”
Among the company awards, RBC GAM received the Bronze for the Analysts' Choice Investment Fund Company of the Year. This award was selected by the Investment Fund Analyst Committee, a group of independent industry analysts. The group identifies fund companies based on excellence in key areas, such as performance and risk, management, breadth of offerings, community investment, industry service, investor and advisor education, fund governance and communication to investors. Additionally, RBC Direct Investing, an RBC GAM distribution partner, garnered the Bronze in the Best Discount Brokerage category.
RBC Funds™ and PH&N Funds that received industry recognition included:
|Best High Yield Fixed Income Fund||RBC Global High Yield Fund||Winner|
|Best Opportunistic Hedge Fund||PH&N Absolute Return Fund||Winner|
|Best Canadian Balanced Fund||RBC Monthly Income Fund||Silver|
|Best Canadian Fixed Income Fund||PH&N Bond Fund||Silver|
|Best Global Fixed Income Fund||RBC Global Bond Fund||Bronze|
|Best Healthcare Equity Fund||RBC Global Health Sciences Fund||Bronze|
|Best Precious Metals Equity Fund||RBC Global Precious Metals Fund||Bronze|
To be considered for an award, investment funds and firms must meet stringent criteria. Panels of industry experts review performance, focusing on the three-year performance 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. Results are returned to an audit team for final review. Winner, Silver and Bronze are identified in the fund categories.
The CIA 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.
The RBC Global Asset Management (RBC GAM) brand comprises investment services and solutions offered by RBC Global Asset Management Inc., RBC Global Asset Management (U.S.) Inc., RBC Asset Management U.K. Ltd. and RBC Investments Management (Asia) Ltd. The group of companies form the asset management division of Royal Bank of Canada (RBC), a global institution with the reputation of stability and strength. RBC GAM group of companies manage approximately C$200 billion (US$203B, £129B or €149B) in assets as of October 31, 2010. RBC Global Asset Management Inc. is the manager of RBC Funds and PH&N Funds. PH&N Funds won the Lipper Awards for “Best Overall Fund Group” in 2010 and “Best Bond Fund Family” in 2007, 2008 and 2010; RBC Funds won the Lipper Awards for “Best Bond Fund Family” in 2009 and “Best Overall Fund Group” in 2007 and 2008. Lipper Fund Awards were awarded based on the best risk-adjusted performance over the three-year periods ended December 31 of the previous year. Website: www.rbcgam.com.
RBC Global 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. RBC Wealth Management provides integrated and diversified international wealth management expertise and solutions, asset management and trust services to high net worth individuals and to corporate and institutional clients. Services provided by RBC Wealth Management consultants, advisors, private bankers and trust officers include trust and estate planning, tax advice, discretionary investment management and investment advisory services, structured solutions, banking, lending and global custody. RBC Wealth Management has approximately $500 billion of assets under administration, $250 billion of assets under management and more than 4,500 financial consultants, advisors, private bankers and trust officers.