RBC Global Asset Management Inc. named Morningstar Steward of the Year

Hanif Mamdani named Fixed Income Manager of the Year

TORONTO, Jan. 31, 2017 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) has been named Steward of the Year by Morningstar Canada®. In addition to this distinction, Hanif Mamdani, head of Alternatives for RBC GAM Inc. was named Morningstar's Fixed Income Manager of the Year.

"At RBC Global Asset Management, stewardship is at the centre of everything that we do, which is why this award is particularly gratifying," said Dan Chornous, chief investment officer of RBC GAM Inc. "We are also extremely pleased with Hanif's recognition as Fixed Income Manager of the Year. Throughout his career at RBC GAM, Hanif has provided effective leadership for our teams and strong investment management for our clients. I would like to congratulate all members of our team for their diligence and dedication in continually delivering exceptional value to our clients."

To be eligible for the Steward of the Year award, a fund company must have a history of fundholder-friendly behavior. In Canada, Morningstar rates approximately two dozen fund companies and gives them a "Parent Rating", a component of Morningstar's qualitative Fund Analyst Rating. Only those with a Positive Parent rating are considered.

Winners and finalists for the Fund Manager of the Year awards must have been Morningstar Medalists over the entire year and have earned a positive Analyst Rating with either a Gold, Silver, or Bronze from Morningstar's manager research team. Finalists must demonstrate strong returns relative to their category rivals and relevant benchmarks in the prior calendar year, and also have a history of fundholder-friendly behaviour.

RBC GAM Inc. was previously awarded the Morningstar Analysts' Choice Fund Company of the Year in 2012. Phillips, Hager & North Investment Management was previously awarded Morningstar's Fixed Income Manager of the Year in 2012 and 2014.

For more information on the awards, please visit: http://cawidgets.morningstar.ca/ArticleTemplate/ArticleGL.aspx?culture=en-CA&id=790765

About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage more than C$390 billion in assets and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management

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Leah Commisso, RBC GAM Corporate Communications, 416-955-6498, [email protected]