Media Room

IG Wealth Management Announces Product Changes to Strengthen Performance and Deliver Enhanced Value to Clients

 

WINNIPEG, March 11, 2022 – IG Wealth Management (IG) today announced proposed changes to the IG Mackenzie Quebec Enterprise Fund and the IG Mackenzie Quebec Enterprise Class as well as a sub-advisor change to the iProfileTM Canadian Equity Private Pool and the iProfileTM Canadian Equity Private Class.  The proposed changes to the IG Mackenzie Quebec Enterprise Fund and Class are intended to provide clients with the following benefits:

  • Greater portfolio management and diversification opportunities through broader investment mandates that expand the investable universe from companies located in Quebec to companies located anywhere in Canada; and
  • Potential for improved long-term performance at a similar risk level and in the same CIFSC Canadian Equity fund category.

The proposed changes described below are expected take effect as of the close of business on or about May 20, 2022, subject to approval by securityholders:

Fund Merger
 

Existing Fund
(Merging Fund)

To be merged into
(Continuing Fund)

Continuing Fund Performance (Series U)1

IG Mackenzie Quebec Enterprise Fund

IG Mackenzie Canadian Equity Fund

★★★★
1 yr: 22.54%, 3 yr: 13.65%, 5 yr: 8.59%, Since inception: 9.62%

Investment Objective, Investment Strategy and Class Name Change

Class

 

Fund

Fund name change

IG Mackenzie Quebec Enterprise Class

To invest into

IG Mackenzie Canadian Equity Fund

IG Mackenzie Canadian Equity Class

Fee Reductions

In advance of the fund merger, effective on or about May 18, the annual management fee rate for IG Mackenzie Canadian Equity Fund will be reduced as indicated below:

Series

Existing Management Fee

New Management Fee

Series A and Series B

1.85%

1.70%

Series C

2.00%

1.85%

Series JDSC and Series JNL

1.60%

1.45%

Series U

0.75%

0.60%

 

Sub-advisor Change

In addition to the above changes, IG has also announced that Mackenzie Financial Corporation will replace Jarislowsky, Fraser Limited as sub-advisor of the Large Cap Value mandate of iProfileTM Canadian Equity Private Pool and the iProfileTM Canadian Equity Private Class. There will be no changes to the mandate investment objectives or to their investment risk ratings. These changes will take effect on or about March 11, 2022.

Securityholder Meeting

The above fund merger and investment objective change are subject to securityholder approval. Where applicable, securityholders of record as of March 23, 2022 will be asked to approve the changes involving their Fund/Class at a virtual meeting scheduled for May 17, 2022.



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 advisors 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 $115.5 billion in assets under advisement as of February 28, 2022 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 $267.7 billion in total assets under management and advisement as of February 28, 2022.
 

English Media Inquiries
Hilary Bassett
416-951-7558
hilary.bassett@mackenzieinvestments.com

French Media Inquiries
Lara Berguglia
514-994-2382
lara.berguglia@northstrategic.com