TORONTO, Nov. 10, 2016 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) was recognized for investment excellence at the 2016 Lipper Canada Fund Awards 1 held last evening in Toronto, receiving two Overall Group awards: PH&N Funds in the Bond - Canada classification and PH&N Funds in the Overall - Canada classification. "These awards reflect the consistent focus and discipline of our investment teams," said Dan Chornous, chief investment officer of RBC GAM Inc. "As an active manager in rapidly changing markets, our approach embeds the principle of constant innovation - we continually seek to refine and enhance our investment process to create a compelling risk/reward proposition for our clients. I congratulate RBC GAM's teams for their outstanding work, and I thank Canadian advisors and investors for their continued support." This is the fifth time PH&N Funds have been recognized as Best Overall Funds Group, and the seventh time as Best Bond Funds Group. In addition to the above-mentioned Group awards, RBC GAM Inc. won nine individual fund awards in the following categories: Canadian Short Term Fixed Income, Global Neutral Balanced, Canadian Neutral Balanced, Canadian Fixed Income, High Yield Fixed Income and Emerging Markets Equity. The Lipper Fund Awards recognize funds and fund management firms that have delivered strong, consistent performance. The Lipper Fund Awards take place in 23 countries in Asia, Europe, MENA, and the Americas. Lipper designates award-winning funds in most individual classifications for the three-, five-, and ten-year periods and fund families with high average scores for the three-year time period. The top three-year classification winners and fund family winners receive trophies at the ceremonies. For a full list of this year's winners, please visit the Lipper Canada Fund Awards website.