The winners of the Canadian Lipper Fund Awards 2007 were announced last night at an awards ceremony held in Toronto.

Executives from the fund industry gathered to toast mutual funds that have delivered consistently superior investment performance.

RBC Asset Management Inc. received the Best Fund Family Overall Award.

Trophies also were presented to 30 funds that topped their respective Canadian Investment Funds Standards Committee classifications.

Dynamic Funds won five individual awards, while TD Asset Management Inc. took home four individual awards.

Other management company awards were handed out to: Dynamic Funds for Best Equity Fund Family; Acuity Funds Ltd. for Best Mixed Asset Fund Family; and Phillips, Hager, & North Investment Management Ltd. for Best Bond Fund Family.

“All our winners deserve to be congratulated for achieving what could be argued is the ultimate in investment performance — consistently strong-risk adjusted performance relative to their peers,” said Andrew Clark, head of research in the Americas in a news release.

This is the first time that Lipper has presented awards in Canada.

The full list of award winners, the complete methodology, and other materials for winning funds, are available on: http://awards.lipperweb.com/canada/.

Lipper, a wholly owned subsidiary of Reuters, is a global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations.

The firm, founded in 1973 and headquartered in New York, tracks 135,000 funds worldwide through its offices in major financial capitals in North America, Europe, and Asia.