Winnipeg-based Investors Group Inc. on Friday announced several changes to its mutual fund offering.
On June 30, the annual administration fees payable for Series C will decrease by 0.05% for most of the firm’s fixed income funds.
Also on June 30, the annual management fee rates on Investors Fixed Income Flex Portfolio and Investors Cornerstone II Portfolio will be moved from a variable fee rate to a fixed fee rate that is lower for both funds than the current maximum rates permitted.
Additionally, the firm is adding Toronto-based Mackenzie Investments as a subadvisor for the non-real property investments of Investors Real Property Fund.
No alterations have been made to the investment objectives, strategies or investment management activities of this fund. The change is expected to occur after the close of business on July 13.
Lastly, the firm is updating the risk ratings of 12 funds, effective immediately.
An entire list of affected funds is available on the firm’s news release.