WINNIPEG, June 18, 2012 /CNW/ - At meetings held today, securityholders of IG FI International Equity Fund and Class (the "Merging Funds") approved the mergers of their Funds into IG Templeton International Equity Fund and Class (the "Continuing Funds") respectively. Securityholders of IG Templeton International Equity Class also approved the merger of their Fund with IG FI International Equity Class.
These mergers are expected to result in larger Continuing Funds, which should provide greater portfolio management and diversification opportunities which may result in better performance and/or lower volatility. Another benefit of the mergers is a reduction of the annual management fees on the assets of the Continuing Funds.
The mergers are expected to occur after the close of business on June 22, 2012.
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 4,500 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 $117 billion in total assets under management as of May 31, 2012.