Those looking to invest in PH&N funds will soon have fewer options available as three such investment vehicles will soon be closed off from new investors.
RBC Global Asset Management
Inc. announced today that their PH&N Short Term Bond & Mortgage Fund, PH&N Bond Fund and PH&N Community Values Bond Fund will be closed to new investors as of 4:00 p.m. EST Monday, July 4. The funds will remain open to existing investors wishing to make additional investments.
RBC GAM opted to close the funds in efforts to help portfolio managers fulfill their long-term mandates, as well as maintain the integrity of their management approach.