RBC Global Asset Management Inc. re-opens Phillips, Hager & North Bond Fund to new investors

Date : 03/07/2019 @ 9:00PM
Source : PR Newswire (Canada)
Stock : Royal Bank of Canada (RY)
Quote : 104.49  0.24 (0.23%) @ 8:15PM
Royal Bank of Canada share price Chart

RBC Global Asset Management Inc. re-opens Phillips, Hager & North Bond Fund to new investors

Royal Bank of Canada (TSX:RY)
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TORONTO, March 7, 2019 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced that Phillips, Hager & North Bond Fund (the Fund) will re-open to new investors effective March 8, 2019. The Fund was initially capped to new investors on July 4, 2016.

The fixed income teams at RBC GAM Inc. continually evaluate market conditions, and have determined that capacity and current market dynamics across the broad Canadian bond market make it possible to re-open the Fund for purchases by new investors.

The Fund seeks to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of fixed income securities issued by Canadian governments and corporations.

Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, PH&N Funds and BlueBay Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada.

About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $425 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management

Copyright 2019 Canada NewsWire

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