IG Wealth Management Announces Approval of Fund Mergers and Investment Objective Changes  

Winnipeg, MB – June 4, 2021:  IG Wealth Management (IG) announced today that the investment objective changes and mergers that were previously announced March 12, 2021 and that required investor approval were approved at meetings held on June 3, 2021. The changes streamline IG’s mutual fund offering and are part of the firm’s ongoing efforts to enhance investment performance.


Fund Mergers

The following fund mergers were approved by securityholders and are expected to take effect on or about the close of business on June 18, 2021:

Existing Fund (merging Fund)

To be merged into (continuing Fund)

IG Irish Life Low Volatility Global Equity Fund

IG Mackenzie Global Fund

IG Mackenzie Low Volatility Canadian Equity Fund

IG FI Canadian Equity Fund

 

Investment Objective, Investment Strategy, Sub-Advisor and Class Name Changes

Changes to the following Classes were approved by securityholders and are expected to take effect in June:

Class

 

Fund

Fund name change

New sub-advisor

Expected effective date

IG Irish Life Low Volatility Global Equity Class

To invest into

IG Mackenzie Global Fund

 

IG Mackenzie Global Class IV

 

Mackenzie Financial Corporation

June 18, 2021

IG Mackenzie Low Volatility Canadian Equity Class

To invest into

IG FI Canadian Equity Fund

 

IG FI Canadian Equity Class II

 

Fidelity Investments Canada ULC

June 18, 2021

IG Aristotle U.S. Small Cap Class

To invest into

IG Mackenzie U.S. Opportunities Fund

IG Mackenzie U.S. Opportunities Class II

Mackenzie Financial Corporation

June 14, 2021

 

Details on the fund mergers and investment objective changes can be found at IG Wealth Management Streamlines Product Shelf to Strengthen Performance and Deliver Enhanced Value to Clients.

 

About IG Wealth Management

Founded in 1926, IG Wealth Management is a national leader in delivering personalized financial solutions to Canadians through a network of Consultants located across Canada. In addition to an exclusive family of mutual funds and other investment vehicles, IG offers a wide range of other financial services. IG Wealth Management has over $108 billion in assets under management as of April 30, 2021 and is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $253 billion in total assets under management as of April 30, 2021.

 

Media Contact:

Rebecca Ellison
IGM Financial
647-983-4963
rellison@mackenzieinvestments.com