Investors Group has announced changes to its fund offering, including a reduction of annual management fees and a change of risk rating for Investors Global Fixed Income Flex Portfolio.
Annual management fees will be reduced between 0.15% and 0.25% for four mandates effective Nov. 1, according to Investors Group. The fees will decrease as follows:
||Management fee reduction %
|IG AGF Global Equity Fund and Class
|IG AGF U.S. Growth Fund and Class
|IG Mackenzie Emerging Markets Class
|Investors Canadian Natural Resource Fund
The prospectuses and Fund Facts for the effected mandates are being updated to include the new rates, as well as the current management fees up to Oct. 31.
Investors Group has also changed the risk rating for its Investors Global Fixed Income Flex Portfolio. The company rates risk based upon the guidelines of the Investment Funds Institute of Canada, which assesses risk in light of the volatility of past returns for each mutual fund.
After the latest review, Investors Group has “determined it is appropriate to change the risk rating for Investors Global Fixed Income Flex Portfolio from ‘Low’ to ‘Low to Medium,’” according to the company. The change is effective immediately.
The change in risk rating has not caused any material changes to the investment objectives or management of the fund, Investors Group stated.
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