Announces re-alignment of fund suites
following socially responsible investing principles
Phillips, Hager & North Community Values
Bond Fund to re-open to new investors
TORONTO, June 27, 2017 /CNW/ - RBC Global Asset Management
Inc. (RBC GAM Inc.) today announced that effective June 30, 2017, the funds within its two socially
responsible investing (SRI) line-ups, PH&N Community Values
Funds and RBC Jantzi Funds, which are merging on June 30, 2017, will be renamed and become part of
the suite of RBC Vision Funds.
"When we first introduced the RBC Jantzi Funds ten years ago,
RBC was the first major Canadian bank to offer investors SRI
solutions," said Doug Coulter,
president of RBC GAM Inc. "Over the past decade a growing number of
investors have sought out investment solutions with socially
responsible mandates. We believe that these options will continue
to attract the interest of investors and advisors. As we look to
the future, we look forward to further expanding our line-up of RBC
Vision Funds."
This name change is further to mergers that RBC GAM Inc.
announced in April, in which certain PH&N Community Values
Funds will merge with RBC Jantzi Funds to create one cohesive suite
of funds with SRI mandates. The continuing RBC Jantzi Funds, along
with the Phillips, Hager & North Community Values Bond Fund,
will be renamed and included as part of the RBC Vision Funds suite
as follows:
|
Current
Name
|
New
Name
|
|
Phillips, Hager &
North Community Values
Bond Fund
|
RBC Vision Bond
Fund
|
|
RBC Jantzi Balanced
Fund
|
RBC Vision Balanced
Fund
|
|
RBC Jantzi Canadian
Equity Fund
|
RBC Vision Canadian
Equity Fund
|
|
RBC Jantzi Global
Equity Fund
|
RBC Vision Global
Equity Fund
|
"The RBC Vision Funds use a process to screen portfolio holdings
using SRI criteria, which determines each fund's investable
universe," added Judy Cotte, VP and
Head of Corporate Governance and Responsible Investment. "As a
result, these solutions allow our clients to align their
investments with their environmental and social values."
Additionally, Phillips, Hager & North Community Values Bond
Fund (the Fund), which will be renamed RBC Vision Bond Fund, will
re-open to new investors effective June
30, 2017.
The Fund was capped to new investors on July 4, 2016. RBC GAM Inc. proactively made the
decision to limit inflows to this Fund in order to preserve the
portfolio management teams' ability to fulfill their mandates over
the long term and to maintain the integrity of their disciplined
management approach.
The Fund currently has additional capacity, allowing for
purchases by new investors. RBC GAM Inc. reserves the right to cap
the Fund or otherwise restrict investment at a later date.
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.
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 more than $400
billion in assets and have approximately 1,400 employees
located across Canada,
the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.