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