Subject: ACC
IG Wealth Management announces approval of investment objective changes and mergers
WINNIPEG, Dec. 5, 2018 /CNW/ - IG Wealth Management announced today that the investment objective changes and mergers that required investor approval were approved at meetings held on December 4, 2018. The changes streamline IG's mutual fund offering and introduce portfolio efficiencies.
Investment objective changes
Changes to the following Funds' and Classes' investment objectives were approved by securityholders and are expected to take effect in February.
- Investors Canadian Natural Resource Fund
- Investors Canadian Small Cap Growth Fund
- Investors Canadian Small Cap Growth Class
- Investors Canadian Small Cap Class
- IG Mackenzie Cundill Global Value Class
- Investors Canadian Equity Class
- IG Mackenzie Canadian Equity Growth Class
- Investors Canadian Growth Class
- Investors Canadian Large Cap Value Class
- IG Putnam Low Volatility U.S. Equity Class
Fund mergers
The following fund mergers were approved by securityholders and are expected to take effect on or about February 8, 2019.
Existing Fund (Merging Fund) | To be merged into (Continuing Fund) |
Investors Canadian Equity Fund | Investors North American Equity Fund |
IG Mackenzie Canadian Equity Growth Fund | Investors North American Equity Fund |
Investors Canadian Growth Fund | Investors North American Equity Fund |
Investors Canadian Large Cap Value Fund | Investors North American Equity Fund |
Investors Canadian Small Cap Fund | Investors Canadian Small Cap Growth Fund* |
IG Mackenzie Ivy Canadian Balanced Fund | Investors Mutual of Canada |
Investors U.S. Dividend Growth Fund | Investors Core U.S. Equity Fund |
Investors U.S. Large Cap Value Fund | Investors Core U.S. Equity Fund |
IG Putnam Low Volatility U.S. Equity Fund | Investors Core U.S. Equity Fund |
Investors Canadian Bond Fund | IG Mackenzie Income Fund |
IG Putnam Emerging Markets Income Fund | IG Putnam U.S. High Yield Income Fund |
IG Mackenzie Cundill Global Value Fund | Investors Global Fund |
Investors Global Real Estate Fund | Investors Global Fund |
Alto Monthly Income & Global Growth Portfolio | IG Core Portfolio ? Balanced Growth |
Details on these investment objective changes and fund mergers can be found at Investors Group simplifies mutual fund offering with investment objective changes and mergers.
*The changes to the investment objectives of Investors Canadian Small Cap Growth Fund are anticipated to take effect prior to the merger.
About IG Wealth Management
Founded in 1926, IG Wealth Management is a national leader in delivering personalized financial solutions to Canadians through a network of Consultants located across Canada. In addition to an exclusive family of mutual funds and other investment vehicles, IG offers a wide range of other financial services. IG Wealth Management has $155 billion in assets under management as of November 30, 2018 and 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 over $86 billion in total assets under management as of November 30, 2018.
SOURCE IG Wealth Management
These press releases may also interest you
|
News published on and distributed by:
