WINNIPEG, June 16, 2016 /CNW/ - Investors Group has announced changes to its fund offering including:
- Reduction of annual management fees ranging from 0.15 - 0.25% for four mandates;
- Change of risk rating for Investors Global Fixed Income Flex Portfolio.
Management fee reductions
Effective on or about November 1, 2016, the annual management fees on four mandates will decrease as shown in the table below:
Mandate |
Management Fee reduction % |
IG AGF Global Equity Fund and Class1 |
0.15 |
IG AGF U.S. Growth Fund and Class1 |
0.25 |
IG Mackenzie Emerging Markets Class1 |
0.20 |
Investors Canadian Natural Resource Fund |
0.15 |
The applicable prospectuses and Fund Facts for the noted mandates are in the process of being updated to reflect both the current management fee rates up to October 31 as well as the new rates.
Change in volatility
Investors Group has a risk rating methodology that follows the guidelines established by the Investment Funds Institute of Canada2 which assesses risk primarily based upon the volatility of past returns for each mutual fund. These ratings are reviewed periodically and, as a result, Investors Group determined it is appropriate to change the risk rating for Investors Global Fixed Income Flex Portfolio from "Low" to "Low to Medium". No material changes have been made to the investment objectives, or management of this fund.
This change in risk rating is effective immediately.
This is not a solicitation to purchase securities of these funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments. Please read the prospectus of the mutual funds before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. These funds are distributed across Canada by Investors Group Financial Services Inc., (in Quebec, a financial services firm) and Investors Group Securities Inc. (in Quebec, a firm in financial planning).
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of approximately 5,300 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with approximately $135 billion in total assets under management as of May 31, 2016.
1This mutual fund is a class of securities issued by Investors Group Corporate Class Inc.TM |
2Investors Group chooses to follow the risk classification methodology recommended by the Investment Funds Institute of Canada (IFIC Voluntary Guidelines for Fund Managers Regarding Fund Volatility Risk Classification – version with data updated to December 31, 2014) using both quantitative and qualitative considerations conducted on an annual basis. |
TMThis trademark is owned by IGM financial Inc. and licensed to its subsidiary corporations. |
SOURCE Investors Group Inc.
Ron Arnst, Investors Group, (204) 956-3364, [email protected]
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