Two funds aim to outperform with broader strategies<br>
(July 28 – 15:30) – Phillips, Hager & North Investment Management Ltd. said it has created two new mutual funds, the Total Return Bond Fund and the High Yield Bond Fund.
The Total Return fund seeks to outperform the company’s existing bond fund by 0.25% to 0.50% by using a broader scope of investment strategies.
The High Yield fund intends to outdo the Scotia Capital Markets Universe Bond Index by 1% to 3% over a two- to three-year market cycle.
-IE Staff
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