PH&N bond fund re-opens to investors

The Phillips, Hager & North Short Term Bond & Mortgage Fund is re-opening to new investors today.

The fund was capped to new investors on July 4, 2016 to manage inflows, but managers say capacity in the short-term bond market has made it possible to re-open the fund.

The fund, which is part of RBC Global Asset Management, seeks to provide relatively high yields and preserve capital by investing primarily in a diversified portfolio of short-term fixed income securities issued by Canadian governments and corporations, and first mortgages on property located in Canada.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.