RBC Asset Management receives Lipper Award for best large
fund family
TORONTO, March 29, 2007 — The RBC Asset Management
mutual fund family has been awarded the "Best Overall
Fund Group" in Canada by Lipper Inc. The prestigious
award is part of a global program of events held by Lipper
in 21 countries to highlight funds and fund families that
excel in delivering consistently strong risk-adjusted performance
relative to their peers. The award was presented at last night's
Lipper Fund Awards 2007 ceremony, the first ever held in Canada.
"We hope that in receiving this award, even more investors
and their advisors become aware of our ongoing commitment
to meeting their needs," said Brenda Vince, president,
RBC Asset Management Inc. "Our focus is on delivering
smart portfolio solutions, offering competitive pricing, developing
innovative cash flow products and sharing our expertise and
experience in global investing. We want RBC Funds to always
be considered by investors looking for performance, value,
choice and transparency in their investment products."
"We're very proud to be honoured by a leading global
authority in the mutual fund industry," added George
Lewis, group head, RBC Wealth Management and CEO of RBC Asset
Management. "This achievement celebrates excellence in
investment management and is an important external validation
of the value we deliver to investors and of our leadership
position in the industry. Our success is a result of our best-in-class
investment process and execution under the leadership of our
Chief Investment Officer Dan Chornous, as well as strong operations
and service teams, fund governance, compliance and risk management
practices."
RBC Funds, Canada's largest single fund family, was presented
the Best Overall Fund Group Award for having the best risk-adjusted
performance among large fund families over a three-year time
period ending December 31, 2006. Fund families with at least
five equity, five bond and three mixed-asset funds were eligible
for the large group award. The 12 fund groups that make up
the large group category represent a universe of 1,345 mutual
funds.
RBC Asset Management has led the industry in long-term net
sales for 13 consecutive quarters and 95 per cent of RBC Fund
Management Expense Ratios (MERs) are below the industry average.
Lipper Inc., a Reuters company, is a global leader in supplying
mutual fund information, analytical tools and commentary.
The award-winning funds are among the 130,000 funds Lipper
tracks globally.
About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary
of Royal Bank of Canada. RBC Asset Management Inc. provides
a broad range of investment services to investors through
mutual funds, pooled funds and separately managed portfolios.
With over $78 billion in assets under management and offices
in major financial centres around the world, RBC Asset Management
Inc. is one of Canada's largest money managers. Visit our
website at www.rbcam.com.
RBC 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, provides
asset management and trust services through RBC partners and
third-party distributors and has over $500 billion of assets
under administration, 3,500 financial advisors and $150 billion
of assets under management.
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For further information, please contact:
Katherine Gay, RBC Wealth Management, (416) 974-6286 or katherine.gay@rbc.com
Kathy Bevan, RBC, (416) 974-8810 or kathy.bevan@rbc.com
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