Investors Group adds low volatility mandate and enhances its Corporate Class offering
WINNIPEG, Oct. 25, 2013 /CNW/ - Investors Group announced the addition of two new mandates to its product offering today: a new equity mandate, IG Putnam Low Volatility U.S. Equity Fund (with a Corporate Class version), and an enhancement to its product offering in Investors Group Corporate Class™, Investors Dividend Class, which emulates the popular Investors Dividend Fund.
IG Putnam Low Volatility U.S. Equity Fund and Class
IG Putnam Low Volatility U.S. Equity Fund will aim to provide long-term capital growth by investing primarily in U.S. equity securities, usually across all sectors, while seeking to provide lower volatility over a full market cycle. The Class initially intends to invest primarily in units of the Fund, but may invest in other Investors Group funds, and/or directly in equity securities.
Investors Dividend Class
Investors Dividend Class will seek to obtain above-average income yield on its investments, protect the value of its investments, and achieve long-term capital appreciation consistent with the achievement of its first two objectives by initially investing primarily in units of Investors Dividend Fund. However, it may invest in other Investors Group fund(s), directly in equity and/or fixed income securities.
The new Class intends to distribute ordinary dividends quarterly, which differs from other Investors Group Corporate Class mandates, in addition to offering monthly ordinary dividends and/or return of capital distributions in various "T" series.
"The new mandates continue to build on Investors Group's strength in making investment and income options available to Canadians," said Todd Asman, Senior Vice-President, Product and Financial Planning at Investors Group. "Canadians' retirement income needs vary according to their desired lifestyle and personal objectives. The new mandates will help meet those needs."
Subject to regulatory approval, IG Putnam Low Volatility U.S. Equity Fund and Class and Investors Dividend Class are expected to be available in December 2013.
Preliminary simplified prospectuses relating to each of these Funds have been filed with certain Canadian securities commissions or similar authorities. You cannot buy units (or shares) of any of these Funds until the relevant securities commissions or similar authorities issue receipts for the simplified prospectus of that Fund.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The 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, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of approximately 4,600 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $126 billion as of September 30, 2013, in total assets under management.
The Investors Group Corporate Class™ mutual funds are shares issued by
Investors Group Corporate Class Inc.
™ Trademark owned by IGM Financial Inc. and licensed to its subsidiary corporations.
SOURCE Investors Group Inc.