TORONTO, June 24, 2019 /CNW/ - RBC Global Asset Management
Inc. ("RBC GAM Inc.") today announced that PH&N High Yield Bond
Fund ("the Fund") will re-open to new investors on June 27, 2019.
The Fund seeks to provide a high level of income and the
opportunity for capital appreciation by investing primarily in a
well-diversified portfolio of fixed income securities issued by
Canadian and/or foreign corporations and governments.
The Fund was capped to new investors on April 7, 2016. It currently has a limited amount
of 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, BlueBay Funds and PH&N Funds are offered by RBC GAM 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 $430 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management