TORONTO, Jan. 23, 2014 /CNW/ - RBC Global Asset Management Inc. (RBC GAM) has been recognized with five awards at the annual FundGrade ® A+ Awards, an event that acknowledges high performing Canadian investment funds.
"It is an honour to be recognized once again for the strong results produced by our investment management teams," said Dan Chornous, chief investment officer, RBC GAM. "At RBC GAM, we are proud of our investment capabilities across a full range of asset classes, solution types and geographies. I would like to congratulate our investment teams for their success and thank investors and advisors for their ongoing trust and confidence in RBC GAM."
The following RBC GAM funds were recognized:
The RBC Canadian Equity Income Fund, RBC Global Corporate Bond Fund, RBC North American Value Fund and RBC O'Shaughnessy U.S. Value Fund won FundGrade® A+ Awards in 2012.
The FundGrade® A+ Rating identifies funds with the best risk-adjusted returns and the highest level of consistency. The FundGrade® A+ Rating is awarded annually to funds that achieve consistently high FundGrade® scores through an entire calendar year.
Fundata Canada Inc. is a leading data provider that focuses exclusively on the Canadian mutual fund industry. Fundata's FundGrade® rating system assists investors, advisors and portfolio managers in objectively ranking investment funds within the Canadian investment fund universe. The FundGrade® rating system assigns a letter grade to more than 7,000 investment funds, providing a quick and easy tool for ranking funds based on historic risk-adjusted returns.
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, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $300 billion in assets and have approximately 1,100 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 10 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$639 billion of assets under administration, more than C$387 billion of assets under management and over 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 2013. 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.