Phillips, Hager & North Investment Management (PH&N) has launched new funds for institutional investors
PH&N LifeTime Funds are target date investment solutions that offer a glide path extending 25 years beyond the target date to support ongoing investment and income withdrawal of defined contribution investors into retirement,” says Colin Ripsman, PH&N vice-president and portfolio manager. “The unique fixed income structure is designed to mirror the duration and term structure of a DC members’ future income stream, in order to moderate the volatility of the future income generated by this product.”
The seven new PH&N LifeTime Funds that are as follows:
- PH&N LifeTime 2015 Fund
- PH&N LifeTime 2020 Fund
- PH&N LifeTime 2025 Fund
- PH&N LifeTime 2030 Fund
- PH&N LifeTime 2035 Fund
- PH&N LifeTime 2040 Fund
- PH&N LifeTime 2045 Fund
The PH&N LifeTime Funds are actively managed, employing funds with offsetting investment management style, to reduce volatility in key equity asset classes. The funds also incorporate allocations to a select range of alternative asset classes, including real return bonds, small capitalization stocks, and real estate.