TORONTO, November 27, 2014 – RBC Global Asset Management Inc. (RBC GAM Inc.) was awarded multiple distinctions at the 20th annual Morningstar Awards, an event that recognizes companies and individuals that have delivered superior investment management to investors.
Phillips, Hager & North Investment Management (PH&N) was named Morningstar Fixed Income Manager of the Year. PH&N also received this recognition in 2012.
"We are incredibly honoured to be recognized amongst our industry peers," said John Montalbano, CEO of RBC GAM Inc. "At RBC Global Asset Management, we have a culture of keeping our clients at the forefront of everything we do. These awards not only highlight our fund management teams' dedication to this purpose, but also reflect the investments we make in our people and technology to continually enhance the value we offer."
The Morningstar Fixed Income Manager of the Year is determined by a jury of analysts who consider a broad range of factors, including fund performance across the entire line-up of funds, quality of the products offered, strength of the fund management teams, effectiveness of the firm's communications and fee competitiveness.
In addition to this top award, multiple RBC Funds and PH&N Funds were recognized in individual fund categories.
|FUND CATEGORY||FUND||AWARD||PREVIOUS WINS||CIFSC CATEGORY|
|Best Canadian Dividend & Income Equity Fund||RBC Canadian Equity Income Fund||Winner||2011, 2013||Canadian Dividend & Income Equity|
|Best Canadian Fixed-Income Fund||PH&N Total Return Bond Fund||Winner||2007, 2013||Canadian Fixed Income|
|Best Canadian Income Pooled Fund||PH&N Enhanced Total Return Bond Fund||Winner||Canadian Fixed Income|
|Best Multi-Strategy or Fund of Hedge Funds||PH&N Absolute Return Fund||Winner||2010, 2012, 2013||Alternative Strategies|
|Best Canadian Equity Fund||PH&N Vintage Fund||Finalist||Canadian Equity Fund|
|Best Emerging Markets Equity Fund||RBC Emerging Markets Equity Fund||Finalist||2013||Emerging Markets Equity|
|Best Global Fixed Income Fund||RBC Global Corporate Bond Fund||Finalist||2011, 2012||Global Fixed Income|
|Best High Yield Fixed Income Fund||PH&N High Yield Bond Fund||Finalist||2011||High Yield Fixed Income|
|Best High Yield Fixed Income Fund||RBC Emerging Markets Bond Fund||Finalist||High Yield Fixed Income|
|Best U.S. Equity Pooled Fund||RBC O'Shaughnessy US Value Fund||Finalist||U.S. Equity|
About RBC Global Asset Management and RBC Wealth 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 individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than C$350 billion in assets and have approximately 1,200 employees located across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa, and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$690 billion of assets under administration, more than C$426 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.
For more information, please contact:
Leah Commisso, RBC GAM Corporate Communications, 416-955-6498, email@example.com
RBC Global Asset Management
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