Vancouver-based Phillips Hager & North Investment Management Ltd. has added PH&N Canadian Income Fund to its product lineup. The fund comprises a mix of Canadian equities (39.5%) and income trusts (39.5%) with a small allocation of fixed-income securities, and is designed for investors seeking capital preservation, growth and steady income. “On the risk spectrum, the fund is more aggressive than our balanced fund, but more income-oriented than our more conservative dividend income fund,” says Chris Dotson, manager of corporate development and communications at Phillips Hager & North. “It is really for clients who want an all-Canadian product with no foreign currency risk, who want an opportunity to tap into the income trust market and generate some income. It is also ideal for those who want some exposure to the Canadian equity market.” Investors will receive monthly distributions, which may comprise dividend income, interest income and return on capital. The fund is no-load and pays no commissions to advisors. The MER is expected to be 1.25%. Management fees are 1% for Class A units. Investors must have a minimum account size of $25,000. Minimum initial investment is $1,000.