Deferred Sales Charge Purchase Option to Be Discontinued
(firmenpresse) - WINNIPEG, MANITOBA -- (Marketwired) -- 09/19/16 -- Investors Group will be discontinuing the deferred sales charge (DSC) purchase option for its mutual funds effective January 1st, 2017. At the same time, fees on no-load (NL) funds will be reduced.
"DSC was created to provide discipline to long term investing but the marketplace has evolved," said Investors Group President and CEO Jeffrey R. Carney. "We remain confident that our comprehensive approach to financial planning will continue to encourage positive outcomes for clients."
Beginning in 2017, consumers will be able to purchase no-load funds at an annualized fee reduction of between 4 and 10 basis points on the majority of Investors Group mutual funds. This will be an annualized weighted average annual fee reduction of approximately 8 bps on the $11.4 billion in assets under management currently residing within the affected no- load series.
Additional details are available in the accompanying background document.
This is not a solicitation to purchase securities of these funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments. Please read the prospectus of the mutual funds before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. These 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 over 5,300 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 approximately $139 billion in total assets under management as of August 31, 2016.
™Trademarks, including Investors Group, are owned by IGM Financial Inc. and licensed to its subsidiary corporations.
Background
Contacts:
Ron Arnst
Investors Group
(204) 956-3364
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Datum: 19.09.2016 - 06:00 Uhr
Sprache: Deutsch
News-ID 1458796
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WINNIPEG, MANITOBA
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