The finest in Canadian fund management was recognized for best-in-class performance, with RBC Global Asset Management and Mawer Investment Management emerging as the big winners among Canadian mutual fund providers.
On Wednesday evening, U.S. fund-research firm Lipper Inc., a unit of Thomson Reuters, handed out awards to Canadian mutual funds and exchange traded funds for superior returns over the last three years.
Mawer took home the group award in the Canadian equity and mixed assets groups, while RBC's Phillips, Hager & North won in the Canadian bond space, as well as in the best overall category.
"These awards reflect the consistent focus and discipline of our investment teams," Dan Chornous, chief investment officer of RBC Global Asset Management, said in a release.
"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."
In ETFs, meanwhile, the group award for Canadian equities was given to BMO Asset Management, while Vanguard Investments Canada took home the top prize in bond ETFs.
Beyond the group awards, the Lipper Fund Awards recognize outperforming individual Canadian mutual funds and ETFs in nearly 50 different categories, highlighting funds that have delivered strong risk-adjusted returns relative to their peers.
The winners were chosen for best-in-class performance over time frames of three, five, and 10 years.
Among Mawer's 10 individual fund awards, the firm's Canadian Equity Fund won in its category over all three time periods.
PH&N, meanwhile, swept both the Canadian fixed income and the short-term fixed income categories over three, five, and 10 years.
Click here to see the 2016 Lipper Fund Award mutual fund and ETF winners
Click here to see the 2016 top fund companies chose by Lipper