IG Wealth makes fund changes

Winnipeg-based IG Wealth Management has made some adjustments to its product line-up, with management fee reductions on some funds and tweaks to the investment strategies of multiple Investors Portfolios.

Effective Sept. 11, the strategies will change of these six Investors Portfolios: Investors Income Plus Portfolio, Investors Growth Portfolio, Investors Growth Plus Portfolio, Investors Retirement Growth Portfolio, Investors Retirement Plus Portfolio and Investors Cornerstone Portfolio.

Rather than depend on predetermined underlying fund exposure, a release said, the affected portfolios will use a more “flexible” asset allocation approach as a way to “respond more quickly to changing market conditions.”

Regarding the fee reductions, multiple series of 20 funds will see their annual management fees drop as of Aug. 28. The list comprises a wide variety of equity funds, with exposures across the globe.

Staff

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