Investors Group to launch three new Dividend Growth Funds
Winnipeg, MB – November 17, 2006: Investors Group today announced the upcoming launch of new equity income mandates with the introduction of three new dividend funds. These funds will help Canadians address their growing need for income yield diversity and longer-term capital growth.
Investors Canadian Dividend Growth Fund, Investors U.S. Dividend Growth Fund, and European Dividend Growth Fund, will invest primarily in companies that are expected to produce greater than average dividend income growth in their respective regions.
“It is our belief that the markets will favour those companies that will provide consistent growth in dividend return to investors, which will in turn support longer-term capital appreciation.” said Dom Grestoni, head of North American equities for I.G. Investment Management.
“Increases in life expectancy and anticipated length of retirement mean Canadians currently approaching retirement tend to be looking for investments that provide income and growth opportunities.” said John Wiltshire, Senior Vice-President of Product and Financial Planning.
Wiltshire added the funds are equity products, and will give clients the opportunity to diversify their source of yield, an important feature in today's low-rate environment.
With these three new Dividend Growth funds, Investors Group increases the choice it offers investors for dividend funds which also includes Canada 's largest fund, Investors Dividend Fund, and the recently launched Investors Global Dividend Fund.
Pending regulatory approval, formal launch of the funds is anticipated early in 2007. The funds will be managed by I.G. Investment Management, Ltd.
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 3800 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 banking 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 over $113 billion in total assets under management.
A preliminary simplified prospectus relating to each of these funds will be filed with certain Canadian securities commissions or similar authorities. You cannot buy securities of these funds until the relevant securities commissions or similar authorities issue receipts for the simplified prospectus of each fund. Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments. 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 across Canada by Investors Group Financial Services Inc., (in Quebec, a financial services firm.)
| For more information contact: | |
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| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
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