Investors Group Announces strategy change for its iProfileT Fixed Income Pool
Winnipeg, MB - October 27, 2005: Investors Group has announced its intent to change the composition of the i Profile Fixed Income Pool.The Pool is part of Investors Group's $500 million i Profile, Managed Asset Program.
Subject to Unitholder and regulatory approval, the Pool will invest 10 per cent of its assets in Investors Real Property Fund, and will adjust the allocation of its assets among its other mandates, as indicated below:
| Current | Proposed | |||
|---|---|---|---|---|
| Canadian Bond | 50% | Canadian Bond | 43% | |
| High Yield | 10% | High Yield | 24% | |
| Global Bond | 40% | Global Bond | 23% | |
| Investors Real Property Fund | 10% | |||
The introduction of Investors Real Property Fund is expected to provide additional diversification benefits and improve the Pool's overall risk and return characteristics.
Unitholders of the iProfile Fixed Income Pool will meet to approve this proposal on December 2nd. Subject to unitholder and regulatory approval, the changes to the Pool will take effect upon the refiling of the iProfile prospectus which is anticipated to be complete in early December.
Further details of these proposals can be found in the Information Circulars to be sent to unitholders in November.
Investors Group is a national leader in delivering personalized financial solutions to more than one million Canadians, through a network of approximately 3,500 Consultants located in over 100 Financial Planning Centres. In addition to an exclusive family of mutual funds, managed asset and other investment vehicles, Investors Group offers a wide range of mortgage, insurance, brokerage and banking services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments and the use of an asset allocation services such as the iProfile Managed Asset Program . Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The Funds are distributed by Investors Group Financial Services Inc., and in Quebec by Les Services Investors Limitee (a financial services firm.)
| For more information contact: | |
|---|---|
| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
Mike Van Soelen Environics Communications (416) 969-2717 mvansoelen@environicspr.com |
