RBC Global Asset Management (RBC GAM) has announced that its PH&N Community Values Funds and RBC Jantzi Funds, which are merging on June 30, 2017, will be renamed and become part of the suite of RBC Vision Funds.
"When we first introduced the RBC Jantzi Funds ten years ago, RBC was the first major Canadian bank to offer investors SRI (socially responsible investment) solutions," said Doug Coulter, president of RBC GAM Inc. "Over the past decade a growing number of investors have sought out investment solutions with socially responsible mandates. We believe that these options will continue to attract the interest of investors and advisors. As we look to the future, we look forward to further expanding our line-up of RBC Vision Funds."
One cohesive suite of funds
This name change is further to mergers that RBC GAM announced in April, in which certain PH&N Community Values Funds will merge with RBC Jantzi Funds to create one cohesive suite of funds with SRI mandates. The continuing RBC Jantzi Funds, along with the Phillips, Hager & North Community Values Bond Fund, will be renamed and included as part of the RBC Vision Funds suite as follows:
Furthermore, the Phillips, Hager & North Community Values Bond Fund, to be renamed RBC Vision Bond Fund, will re-open to new investors effective June 30. The Fund was capped to new investors one year ago.