RBC Global Asset Management named Morningstar Analysts' Choice Fund Company of the Year at 2012 Canadian Investment Awards

RBC Global Asset Management named Morningstar Analysts' Choice Fund Company of the Year at 2012 Canadian Investment Awards

PH&N Fixed Income Team Named Morningstar Fixed Income Manager of the Year

RBC GAM Funds Win Multiple Individual Fund Awards

TORONTO, Nov. 29, 2012 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) received top honours at the Morningstar(®) Canadian Investment Awards™ (CIA), an event that recognizes companies and individuals that have made a difference in the lives of investors through superior investment management.

RBC GAM Inc. was named Morningstar Analysts' Choice Fund Company of the Year and Phillips, Hager & North Investment Management's (PH&N) fixed income team was named Morningstar Fixed Income Manager of the Year.

"We are incredibly honoured to be recognized among our industry peers," said John Montalbano, CEO of RBC GAM Inc. "At RBC Global Asset Management, we have always had a team culture focused on delivering exceptional investment solutions for our clients. These awards not only highlight the dedication and diligence of our people to that purpose, but also recognize the tradition that we have built and look to continue building on in the years to come."

The Morningstar Analysts' Choice Fund Company of the Year and Morningstar Fixed Income Fund Manager of the Year are determined by a jury of analysts. A broad range of factors are considered, 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 receiving two of the top Morningstar awards, multiple RBC GAM Funds were recognized in individual fund categories.

"The Morningstar Awards are a tremendous honour and acknowledgement of the work our teams commit to day-in and day-out," said Dan Chornous, CIO of RBC GAM Inc. "It is their focus on continually delivering value for our clients that has resulted in our history of industry recognitions. I would like to congratulate and thank the teams for their continued efforts, as well as thank the analysts, advisors and investors for their confidence in our investment management approach."

Individual Fund Awards:

                                                          
        FUND CATEGORY                 FUND        AWARD     PREVIOUS
                                                              WINS

Best Canadian Dividend & RBC Canadian Equity    Finalist 2011
Income Equity Fund       Income Fund
                                                          

Best Canadian Fixed      PH&N Total Return Bond Finalist 2007
Income Fund              Fund
                                                          

Best Global Fixed Income RBC Global Corporate   Winner   2011 (Silver)
Fund                     Bond Fund
                                                          

Best High Yield Fixed    RBC Global High Yield  Winner   2010
Income Fund              Bond Fund
                                                          

Best High Yield Fixed    PH&N High Yield Bond   Finalist 2006, 2007,
Income Fund              Fund                            2008, 2009,
                                                         2011
                                                          

Best Multi-Strategy/Fund PH&N Absolute Return   Winner   2010
of Hedge Funds           Fund
                                                          

To be considered for an individual fund award, investment funds must meet 
stringent criteria. Panels of industry experts review performance, focusing on 
the three-year return history, the quantitative performance of a fund on an 
absolute basis, as well as various measures of risk and diversification 
benefits. The panels also weigh qualitative factors such as management 
quality, availability and fee structure. Results are returned to an audit team 
for final review. Winner, Silver and Bronze are identified in the fund 
categories.

The Morningstar CIA 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, pooled funds, exchange traded 
funds, and hedge funds.

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 $270 billion in assets and have approximately 1,000 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$577 
billion of assets under administration, more than C$339 billion of assets 
under management and approximately 4,300 financial consultants, advisors, 
private bankers and trust officers.
     

Yen To, RBC GAM Communications, 416 955-5916 Leah Commisso, RBC GAM Media 
Relations, 416 955-6498

SOURCE: RBC

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CO: RBC Global Asset Management
ST: Ontario
NI: FIN ENT 

-0- Nov/29/2012 14:00 GMT