TORONTO, November 10, 2016 – RBC Global Asset Management Inc. (RBC GAM Inc.) was recognized for investment excellence at the 2016 Lipper Canada Fund Awards1 held last evening in Toronto, receiving two Overall Group awards: PH&N Funds in the Bond – Canada classification and PH&N Funds in the Overall – Canada classification.
"These awards reflect the consistent focus and discipline of our investment teams," said Dan Chornous, chief investment officer of RBC GAM Inc. "As an active manager in rapidly changing markets, our approach embeds the principle of constant innovation – we continually seek to refine and enhance our investment process to create a compelling risk/reward proposition for our clients. I congratulate RBC GAM's teams for their outstanding work, and I thank Canadian advisors and investors for their continued support."
This is the fifth time PH&N Funds have been recognized as Best Overall Funds Group, and the seventh time as Best Bond Funds Group.
In addition to the above-mentioned Group awards, RBC GAM Inc. won nine individual fund awards in the following categories: Canadian Short Term Fixed Income, Global Neutral Balanced, Canadian Neutral Balanced, Canadian Fixed Income, High Yield Fixed Income and Emerging Markets 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.
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 Global Asset Management Inc. and distributed through authorized dealers.
1 From Thomson Reuters Lipper Awards, © 2016 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. www.lipperfundawards.com
About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes 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 manage more than 290 billion USD in assets and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.