RBC GAM wins Best Overall Group award for a
tenth time
TORONTO, Nov. 15, 2019 /CNW/ - RBC Global Asset Management
Inc. (RBC GAM Inc.) was recognized for its outstanding investment
performance last evening at the 2019 Canada Lipper Fund Awards from
Refinitiv in Toronto. The firm
received two Group awards: PH&N Funds in the Best Overall Group
and PH&N Funds in the Best Bond Group.
Since the inception of the Canada Lipper Fund Awards, RBC GAM
has been consistently recognized for excellence in fund management,
having won Best Overall Group ten times and Best Bond Group 11
times over the past 13 years1.
"It is always an honour to be recognized at the Lipper awards,
and we are proud of this achievement," said Dan Chornous, Chief Investment Officer of RBC
Global Asset Management Inc. "These awards reflect the dedication
and expertise of our investment teams, and I would like to thank
them for their unwavering focus on earning the trust of our
clients. I also want to thank Canadian advisors and investors for
their continued support and confidence."
In addition to the Group awards, RBC GAM also won seven
individual fund awards in the following categories: Canadian
Dividend & Income Equity, Canadian Fixed Income, Canadian
Neutral Balanced, Canadian Short Term Fixed Income, Natural
Resources Equity and Precious Metals Equity.
The Lipper Fund Awards, granted annually, highlights funds and
fund companies that have excelled in delivering consistently strong
risk-adjusted performance relative to their peers. The Lipper Fund
Awards are based on the Lipper Leader for Consistent Return rating,
which is a risk-adjusted performance measure calculated over 36, 60
and 120 months. The fund with the highest Lipper Leader for
Consistent Return (Effective Return) value in each eligible
classification per award universe wins the Lipper Fund Award.
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 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.
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1 Best Overall Group (PH&N Funds:
2010-2013, 2016, 2018, 2019; RBC Funds: 2007-2008, 2014), Best Bond
Group (RBC GAM: 2015; PH&N Funds: 2007, 2008, 2010-2013, 2016,
2018, 2019; RBC Funds: 2009).
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Lipper Awards were
based on best risk-adjusted performance for the periods ended July
31, 2019, 2018, 2016, 2015 and 2014; October 31, 2012, 2011 and
2010; November 30, 2009; and December 31, 2008, 2007 and
2006.
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About RBC Global Asset Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal
Bank of Canada (RBC) and includes
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
manage approximately $450 billion in
assets and have approximately 1,400 employees located across
Canada, the United States, Europe and Asia.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 86,000+ employees who bring
our vision, values and strategy to life so we can help our clients
thrive and communities prosper. As Canada's biggest bank, and one of the largest
in the world based on market capitalization, we have a diversified
business model with a focus on innovation and providing exceptional
experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn
more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-sustainability.
SOURCE RBC Global Asset Management