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.
Staff
IG Wealth Management has finalized several changes to its fund lineup, including fund mergers and name changes.
The following funds are expected to merge as of June 18:
IG Irish Life Low Volatility Global Equity Class will merge with the IG Mackenzie Global Fund;
and the IG Mackenzie Low Volatility Canadian Equity Fund will merge with the IG FI Canadian Equity Fund.
A result of these mergers is the IG Mackenzie Global Fund will have a new class name (IG Mackenzie Global Call IV) and Mackenzie Financial Corp. will act as its new sub-advisor.
The IG FI Canadian Equity Fund will also have a new class name (IG FI Canadian Equity Class II). Fidelity Investments Canada ULC will act as the fund’s new sub-advisor.