IG Wealth Management Announces Wind-up of Corporate Class Mutual Funds

WINNIPEG, MB – February 16, 2023: IG Wealth Management (“IG”) today announced its intention to wind-up Investors Group Corporate Class Inc. (“IGCC”). This will impact its suite of corporate class funds (the “Funds”), resulting in the merging of each Fund into its corresponding trust fund equivalent, on a tax-deferred basis.

IG believes this is in the best interest of investors since IGCC is in a taxable position. Changes to tax legislation and evolving market trends have eliminated many of the benefits that were previously available to corporate class funds.

Each of the Funds listed below will be merged into its equivalent trust fund that will be managed by the same sub-advisor and has a substantially similar investment objective. Where no corresponding trust fund equivalent currently exists, one will be launched. The mergers will take place on or about May 19, 2023.
 

Merging Funds

IG Beutel Goodman Canadian Equity Class

IG Mackenzie Global Precious Metals Class

IG Core Portfolio Class - Balanced

IG Mackenzie Global Science & Technology Class

IG Core Portfolio Class - Balanced Growth

IG Mackenzie International Small Cap Class

IG Core Portfolio Class - Balanced Growth II

IG Mackenzie Ivy European Class

IG Core Portfolio Class - Growth

IG Mackenzie Ivy European Class II

IG Core Portfolio Class - Growth II

IG Mackenzie Ivy European Class III

IG Core Portfolio Class - Income Balanced

IG Mackenzie Ivy Foreign Equity Class

IG FI Canadian Equity Class

IG Mackenzie North American Equity Class

IG FI Canadian Equity Class II

IG Mackenzie North American Equity Class II

IG Franklin Bissett Canadian Equity Class

IG Mackenzie North American Equity Class III

IG Franklin Bissett Canadian Equity Class II

IG Mackenzie North American Equity Class IV

IG JPMorgan Emerging Markets Class

IG Mackenzie North American Equity Class V

IG Mackenzie Betterworld SRI Class

IG Mackenzie Pacific International Class

IG Mackenzie Canadian Equity Class

IG Mackenzie Pan Asian Equity Class

IG Mackenzie Canadian Money Market Class

IG Mackenzie Pan Asian Equity Class II

IG Mackenzie Canadian Small/Mid Cap Class

IG Mackenzie U.S. Equity Class

IG Mackenzie Canadian Small/Mid Cap Class II

IG Mackenzie U.S. Equity Class II

IG Mackenzie Canadian Small/Mid Cap Class III

IG Mackenzie U.S. Equity Class III

IG Mackenzie Dividend Class

IG Mackenzie U.S. Opportunities Class

IG Mackenzie European Equity Class

IG Mackenzie U.S. Opportunities Class II

IG Mackenzie European Mid-Cap Equity Class

IG Managed Risk Portfolio Class – Balanced

IG Mackenzie Global Class

IG Managed Risk Portfolio Class – Growth Focus

IG Mackenzie Global Class II

IG Managed Risk Portfolio Class – Income Balanced

IG Mackenzie Global Class III

IG Putnam U.S. Growth Class

IG Mackenzie Global Class IV

IG Putnam U.S. Growth Class II

IG Mackenzie Global Consumer Companies Class

IG T. Rowe Price U.S. Large Cap Equity Class

IG Mackenzie Global Financial Services Class

iProfile™ Canadian Equity Private Class

IG Mackenzie Global Health Care Class

iProfile™ Emerging Markets Private Class

IG Mackenzie Global Infrastructure Class

iProfile™ International Equity Private Class

IG Mackenzie Global Natural Resources Class

iProfile™ U.S. Equity Private Class

 

Existing investors of the Funds as of February 17, 2023, will be sent an investor notice on or about March 14. No action is required by investors. All costs and expenses associated with the mergers will be borne by IG.

 

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 $115.4 billion in assets under advisement as of January 31, 2023, 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 $259.5 billion in total assets under management and advisement as of January 31, 2023.


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

French Media Inquiries
Maria Bello Vega
514-713-6577|
maria.bellovega@northstrategic.com