In the coming months, PH&N will be introducing a new global direct infrastructure strategy to the PH&N Balanced Pension Trust Fund, offered on our Desjardins Insurance group retirement savings platform through the DFS PH&N Balanced Fund. This change aims to improve the fund’s diversification and benefit from the exposure to a new asset class available following an expansion of the manager’s investment capacities. The fund’s strategic allocation to global direct infrastructure will be set at 2%, with an initial allocation established at 1%. This allocation will be deployed over time and will be funded by allocations to both equities and fixed-income securities.
PH&N will also be introducing a strategic allocation of 4.5% to global investment grade corporate bonds. This allocation will be funded by a portion of the current allocation of 7.5% to the global bond fund, which invests primarily in sovereign bonds. This change aims to better balance the fund’s exposure to global sovereign bonds and corporate bonds, and to increase the return expected from the bond component of the fund.
For the moment, the fund’s benchmark will remain the same. The manager will reassess the fund’s strategic weightings and benchmark once the allocation to global direct infrastructure reaches its long-term objective of 2%.
These modifications will not have any impact on the DFS PH&N Balanced Fund’s investment fee.
For more information about these changes, don’t hesitate to contact your client relationship manager.