Phillips, Hager & North Investment Management Ltd. Monday announced the launch of two new offerings for Canadian investors: PH&N Monthly Income Fund and PH&N Canadian Equity Value Fund.

“Both of these new investment solutions translate the investment strength of RBC Global Asset Management into timely and relevant solutions for Canadian investors,” says John Montalbano, head of RBC Global Asset Management.

PH&N Monthly Income Fund

“The PH&N Monthly Income Fund provides a straightforward, quality solution that meets Canadian investors’ demand for dependable income in a low-interest rate environment — whether in retirement or as a supplement to their existing income.”

The fund is designed to meet the needs of investors seeking a reliable income stream by drawing on a stable, conservative mix of income-producing investments, including Canadian government bonds, Canadian corporate bonds and conservative high-yield bonds. With an emphasis on conservatism, the fund seeks to offer investors a target annual distribution of 5%.

PH&N Canadian Equity Value Fund

PH&N Canadian Equity Value Fund extends PH&N’s offerings in the Canadian equity arena, adding a value-oriented choice to its stable of Canadian equity funds. “Drawing on the strengths of a seasoned Canadian equity value team, the PH&N Canadian Equity Value Fund offers investors the opportunity for additional style diversification within the domestic market,” says Montalbano.

“The management team’s conservative approach makes the fund a distinct choice among value-oriented Canadian mutual funds.”

Complementing the “Growth-at-Reasonable-Price” strategy already employed by PH&N’s Canadian equity team, the fund’s management team will employ a risk-averse, value-based approach to identifying undervalued opportunities in the Canadian market.

Fee options

Both funds offer investors the choice of three low-cost fee options: Series D (available for clients who invest directly through PH&N and discount brokerages, including RBC Direct Investing) and Series C and F (available through financial advisors).

To view a table outlining the fees for each fund series, click here.

All series are available for sale effective January 4.

IE