Toronto-based RBC Global Asset Management (RBC GAM) announced on Tuesday that mutual funds within its two socially responsible investing (SRI) offerings — PH&N Community Values Funds and RBC Jantzi Funds, which are merging June 30 — will be renamed immediately and join the suite of RBC Vision Funds.
“When we first introduced the RBC Jantzi Funds 10 years ago, RBC was the first major Canadian bank to offer investors SRI solutions,” says Doug Coulter, president of RBC GAM, in a statement.
“Over the past decade a growing number of investors have sought out investment solutions with socially responsible mandates,” he adds. “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.”
RBC GAM announced in April that PH&N Community Values Funds would merge with RBC Jantzi Funds to establish a unified set of funds with SRI mandates.
“The RBC Vision Funds use a process to screen portfolio holdings using SRI criteria, which determines each fund’s investable universe,” says Judy Cotte, vice president and head of corporate governance and responsible investment, in a statement. “As a result, these solutions allow our clients to align their investments with their environmental and social values.”
RBC GAM also announced that Phillips, Hager & North Community Values Bond, which will be renamed RBC Vision Bond Fund, will be available to new investors starting June 30.
The fund was previously capped to new investors July 4, 2016 to “preserve the portfolio management teams’ ability to fulfill their mandates over the long term and to maintain the integrity of their disciplined management approach,” the firm says.
A full list of fund name changes is available on the firm’s news release.
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