PH&N Institutional is among Canada’s most established institutional asset managers, with a long-standing reputation for distinctive active management and a focus on providing high-quality service. From offices across the country, we serve pension plans, non-profit organizations, and other institutional investors. We offer a full spectrum of asset classes and investment strategies through pooled and segregated mandates. PH&N Institutional investment professionals are committed to providing each client with a solution tailored specifically to their individual objectives, needs, and risk tolerance. PH&N Institutional is the institutional business division of RBC Global Asset Management Inc., an indirect, wholly-owned subsidiary of Royal Bank of Canada. Subscribe to PH&N Investment Perspectives newsletter: http://institutional.phn.com/newsletter For important disclosures: http://www.rbc.com/legal/