Dynamic Funds and Fidelity Investments Canada ULC were the big winners of the Canada Lipper Fund Awards 2010 announced by Thomson Reuters at a ceremony in Toronto Thursday night.

Dynamic Funds won 14 individual awards while Fidelity won 11 awards in total and Mawer Investment Management won eight.

Phillips, Hager & North won the Best Fund Group Overall award and the Best Bond Fund Group award.

Invesco Trimark won the Best Equity Fund Group award, and Fidelity won the award for Best Mixed Assets Group.

“Identifying out-performing fund products among the growing variety of options is a challenging exercise for the investor,” stated Jeff Tjornehoj, Lipper’s head of research for Canada at Thomson Reuters.

“The Lipper Fund Awards provide a means of ascertaining those fund managers and groups who have demonstrated consistent, cutting-edge investment expertise.”

Canada is one of the 23 countries and regions covered by Lipper’s program of 2010 fund awards.