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Investors Group announces multiple mutual fund changes
Investors Group announces multiple mutual fund changes
Published by Gbaf News
Posted on May 21, 2018
Global Banking and Finance Review
Company
Published by Gbaf News
Posted on May 21, 2018
Investors Group has announced multiple changes to its mutual fund offering, which includes the following:
Fee reductions on certain funds
Mackenzie Investments added as sub-advisor to Investors Real Property Fund
A change of risk rating for several of our funds
Administration fee reductions
Effective on or about June 30, 2018, the annual administration fees payable for Series C, will decrease by 0.05% for most of our fixed income funds, as indicated in the table below:
Management fee reductions
Effective on or about June 30, 2018, the annual management fee rates on the Investors Fixed Income Flex Portfolio and the Investors Cornerstone II Portfolio will be moving from a variable fee rate to a fixed fee rate that is lower for both funds than the current maximum rates permitted, as outlined in the chart below:
Fund
Current
At (or about) June 30, 2018
Investors Fixed Income Flex
Portfolio
Annual Management fee
*Investors Cornerstone II Portfolio currently has a single series of mutual fund units.
Sub-advisor added to Investors Real Property Fund
We are pleased to announce that we are adding Mackenzie Investments as a sub-advisor for the non-real property investments of Investors Real Property Fund, leveraging their portfolio management expertise.
No material changes have been made to the investment objectives, strategies or investment management activities of this Fund. This change is expected to be effective after the close of business on or about July 13, 2018.
Fund risk rating changes
Effective immediately, the risk rating classifications of the following funds have changed:
No changes have been made to the investment objectives or strategies of these funds. These changes result from the implementation of the new standardized risk classification methodology mandated by the Canadian Securities Administrators.
This is not a solicitation to purchase securities of these funds. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund 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 has announced multiple changes to its mutual fund offering, which includes the following:
Fee reductions on certain funds
Mackenzie Investments added as sub-advisor to Investors Real Property Fund
A change of risk rating for several of our funds
Administration fee reductions
Effective on or about June 30, 2018, the annual administration fees payable for Series C, will decrease by 0.05% for most of our fixed income funds, as indicated in the table below:
Management fee reductions
Effective on or about June 30, 2018, the annual management fee rates on the Investors Fixed Income Flex Portfolio and the Investors Cornerstone II Portfolio will be moving from a variable fee rate to a fixed fee rate that is lower for both funds than the current maximum rates permitted, as outlined in the chart below:
Fund
Current
At (or about) June 30, 2018
Investors Fixed Income Flex
Portfolio
Annual Management fee
*Investors Cornerstone II Portfolio currently has a single series of mutual fund units.
Sub-advisor added to Investors Real Property Fund
We are pleased to announce that we are adding Mackenzie Investments as a sub-advisor for the non-real property investments of Investors Real Property Fund, leveraging their portfolio management expertise.
No material changes have been made to the investment objectives, strategies or investment management activities of this Fund. This change is expected to be effective after the close of business on or about July 13, 2018.
Fund risk rating changes
Effective immediately, the risk rating classifications of the following funds have changed:
No changes have been made to the investment objectives or strategies of these funds. These changes result from the implementation of the new standardized risk classification methodology mandated by the Canadian Securities Administrators.
This is not a solicitation to purchase securities of these funds. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund 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).