Investors Group says that three of its money market funds will soon include a Deferred Sales Charge (DSC) purchase option. The ability to purchase units of the funds on a DSC basis will be available to clients on or about November 10, subject to regulatory approval.
The three funds are the Investors Canadian Money Market Fund, Investors U.S. Money Market Fund, and Investors Canadian High Yield Money Market Fund.
Units of these funds will remain available for purchase under a no-load option.
An amendment to part A of the Investors Group Masterseries/partner/portfolio funds prospectus is expected to be filed shortly with the securities regulatory authorities in each province and territory.