IGM:CC - IG Wealth Management Announces Addition of Sub-Advisors to iProfile Program for Enhanced Diversification Benefits and Other Mutual Fund Changes
Canada NewsWire
WINNIPEG, MB , June 21, 2023 /CNW / - IG Wealth Management ("IG") today announced the addition of sub-advisors to its iProfile program. These changes reflect the firm's ongoing commitment to continually review and enhance its portfolio solutions line-up by leveraging proven third-party asset managers to help deliver enhanced performance and diversification for its clients. In addition, IG also announced a management fee reduction and a risk rating change to its mutual fund line-up.
Effective on or about July 18, 2023 , IG will be adding American Century Investment Management Inc. to the iProfile program and will be expanding its existing relationship with JPMorgan Asset Management ( Canada ) Inc. as outlined below.
Mandate |
Sub-advisors |
U.S. Large Cap Value |
|
U.S. Core Equity |
|
U.S. Large Cap Growth |
|
U.S. Small Cap |
|
Effective on or about June 29, 2023 , the management fee of the following fund and series will be reduced.
Fund name |
Current management fee |
New management fee |
IG BlackRock International Equity Fund – Series F |
0.85 % |
0.75 % |
Effective today, the risk rating of the following fund will change as outlined below. There are no changes to the investment strategies of the Fund.
Fund name |
Current risk rating |
New risk rating |
IG Mackenzie Ivy European Fund |
Low to Medium |
Medium |
Founded in 1926, IG Wealth Management is a national leader in delivering personalized financial solutions to Canadians through a network of advisors located across Canada . IG Wealth Management, including Investors Group Financial Services Inc. and Investors Group Securities Inc., has $114.8 billion in assets under advisement as of May 31, 2023 , and is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial, together with its subsidiaries, is one of Canada's leading diversified wealth and asset management companies with approximately $256.6 billion in total assets under management and advisement as of May 31, 2023 .
SOURCE Investors Group Financial Services Inc.
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