RBC Global Asset Management named Morningstar Analysts’ Choice Fund …
News from Sacramento Bee:

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 exce…………… continues on Sacramento Bee

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Related News:

BRIEF-RBC eyeing asset management acquisitions
News from CEO – Reuters:

TORONTO | Thu Nov 29, 2012 9:07am EST

TORONTO Nov 29 (Reuters) – Royal Bank of Canada : * Exploring potential acquisitions to enhance its asset management capabilities

U.S.-style downturn – chief risk officer * RBC says comfortable with bank’s total European exposure of C$ 42.8 billion * RBC CEO says bank would consider “strategic” wealth management acquisitions,

but says capital requirements make that a challenge * RBC CEO says expects bank’s proportion of internationally-generated revenue

to rise * RBC CEO says bank would like to eventually generate 50 percent of revenue

from outside Canada, says 5 years is a reasonable time frame for that * RBC sees Canadian mortgage industry growth of 3-4 percent going forward

…………… continues on CEO – Reuters
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