Investors Group has received regulatory approval to launch a new fixed income mandate, the company said Monday.

Investors Fixed Income Flex Portfolio provides flexibility for portfolio advisor I.G. Investment Management, Ltd. to actively vary the allocation between underlying funds over time as the interest rate and credit environment evolves.

Investors Fixed Income Flex Portfolio aims to provide current income by investing in a diversified set of underlying funds that invest primarily in fixed income securities.

The portfolio is available for sale to Canadian investors starting Monday, February 7.

Last week, Investors Group announced the launch of Investors Canadian Corporate Bond Fund and said intends to merge its Investors Government Bond Fund into the Investors Canadian Bond Fund.

IE