Investors Group has announced its intent to change the composition of the iProfile Fixed Income Pool. The pool is part of Investors Group’s $500 million iProfile, Managed Asset Program.
Subject to unitholder and regulatory approval, the pool will invest 10% of its assets in Investors Real Property Fund.
The proposed asset composition for the pool is:
- Canadian B ond, 43%:
- High Yield, 24%;
- Global Bond, 23%; and
- Investors Real Property Fund, 10%.
Investors Group says 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 will meet to vote on the proposal on December 2. 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.
Information Circulars will be sent to unitholders in November.