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RBC Global Asset Management re-opens short term bond & mortgage fund to new investors


RBC Global Asset Management has re-opened the Phillips, Hager & North Short Term Bond & Mortgage Fund. The Fund will re-open to new investors.

Each investment team at RBC Global Asset Management continually evaluates the market and other conditions relevant to their respective mandates. The Fund was capped to new investors on 4 July, 2016 to manage inflows. The managers of the Fund have since determined that capacity in the short-term bond market makes it possible to re-open the Fund for purchases by new investors. RBC GAM Inc. reserves the right to cap the Fund or otherwise restrict investment at a later date.
The Fund seeks to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of short-term fixed income securities issued by Canadian governments and corporations, and first mortgages on property located in Canada.

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