RBC GAM re-opens Phillips, Hager & North Bond FundBy The IJ Staff | March 08 2019 09:30AM
RBC Global Asset Management announced that Phillips, Hager & North Bond Fund will re-open to new investors effective March 8, 2019. The fund was capped to new investors in 2016.
RBC GAM says its fixed income team continually evaluates market conditions, and has 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 Phillips, Hager & North Bond Fund aims to provide relatively high yields and stability of capital by investing primarily in a diversified portfolio of fixed income securities issued by Canadian governments and corporations.