RY Royal Bank of Canada

TORONTO, Nov. 26, 2015 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) was honoured last night at the 21^st annual Morningstar Awards, a program that distinguishes companies and individuals that have delivered superior investment management to investors.

RBC GAM Inc. was recognized for excellence in the following categories:

In addition to the multiple RBC Funds and PH&N Funds that were recognized at last night's awards, the PH&N Fixed Income Team was a finalist for Morningstar's Fixed-Income Fund Manager of the Year.

To be considered for an individual fund award, investment funds must meet stringent criteria. Panels of industry experts review the quantitative performance of a fund on an absolute and relative basis, as well as various measures of risk and diversification benefits. The panels also weigh qualitative factors such as management quality, capacity constraints and fee structure. For more information regarding Morningstar's methodology, please visit: http://corporate1.morningstar.com/Morningstar-Awards-Canada-Methodology/.

The Morningstar Awards is the only national event of its kind in Canada that reflects the collective efforts of a broad range of industry experts, advisors and investors within the Canadian financial services industry. The awards recognize leadership in the investment industry and represent a wide range of investment products, including mutual funds, exchange-traded funds, pooled funds and hedge funds.

Please read the prospectus 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.

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 exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $380 billion in assets and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.

RBC GAM 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 globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. 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 GAM business. RBC Wealth Management has more than C$778 billion of assets under administration, more than C$503 billion of assets under management and approximately 4,050 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2015. 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. 

SOURCE RBC