Investors Group announces changes in fees, risk rating

Investors Group announces changes in fees, risk rating

Investors Group announces changes in fees, risk rating 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:
Mandate Management fee reduction %
IG AGF Global Equity Fund and Class 0.15
IG AGF U.S. Growth Fund and Class 0.25
IG Mackenzie Emerging Markets Class 0.20
Investors Canadian Natural Resource Fund 0.15
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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  • John 2016-06-17 10:17:15 AM
    Their fees are still the highest in the industry. Who buys mutual funds anymore anyhow with ETF's around? Still blind ignorant ostriches with head in sand I guess.
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  • David 2016-06-22 3:18:38 PM
    John, you are way off must take into account all fees charged, not just the "dreaded" MER. Transaction fees; account fees; admin fees; etc. must all be identified as well as the amount of active vs passive management. Once all fees are accounted for, Investors Group comes in at just above the MEDIAN rate. If you are just using ETFs as investments get what you pay for so you better understand all aspects of the investment and how it fits with your overall asset base.
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  • Niki 2016-06-22 7:01:54 PM
    Anyone who trusts a computer and lets it decide what is in a fund might as well recommend their clients use a robot as an advisor. As for fees, you typically get what you pay for unless you are getting milked. Financial Advisors who choose index funds are really saying they have nothing to bring to the table. If you really want to save money for your clients--buy stocks! No mers and no ters!
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