Lipper Names RBC Asset Management As Best Overall Fund Group For Second Consecutive Year
For the second consecutive year, RBC Asset Management Inc. has been named “Best Overall Fund Group” in Canada by Lipper Inc.
RBC Asset Management was presented the Best Overall Fund Group award for having the best risk-adjusted performance over a three-year time period ending December 31, 2007. The coveted award, presented at the Lipper Fund Awards ceremony on April 2, 2008, 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. Fund families with at least five equity, five bond and three mixed-asset funds were eligible for the award.
“We’re delighted to receive this recognition of our fund performance for the second year in a row,” said George Lewis, group head, RBC Wealth Management and CEO of RBC Asset Management. “In fact, under the leadership of our Chief Investment Officer, Dan Chornous, not only do we have strong three year performance, but more than 80 per cent of our clients’ assets are held in RBC Funds that are in the top two quartiles of investment performance over one, three, five and ten year time periods.”
RBC Asset Management also received the Lipper awards over various time periods in the Global Fixed Income and U.S. Small/Mid Caps equity categories for the RBC Global Bond Fund (one-year), RBC U.S. Mid-Cap Equity Fund (three-year) and RBC O’Shaughnessy U.S. Growth Fund (five- and ten-year).
Lipper, a Reuters company, is a global leader in supplying mutual fund information, analytical tools and commentary. The award-winning funds are among the 98,000 funds Lipper tracks globally.
In addition to the five Lipper Awards, RBC Asset Management was also recognized at the 2007 Canadian Investment Awards, where the RBC Global Resources Fund was named the top natural resource equity fund in Canada.
