Investors Group Fund Mergers Approved By Securityholders



    WINNIPEG, June 15 /CNW/ - At meetings held today, securityholders of
several Investors Group Funds approved six fund mergers involving funds with
identical or substantially similar investment mandates. The mergers will help
facilitate more efficient management of the funds, provide better investment
diversification opportunities, and, in some instances, result in lower fees.

    
    -------------------------------------------------------------------------
    Merging Fund                                   Continuing Fund
    -------------------------------------------------------------------------
    IG AGF Asian Growth Fund   To merge into  Investors Pacific International
                                              Fund
    -------------------------------------------------------------------------
    IG AGF Asian Growth        To merge into  Investors Pacific International
    Class(*)                                  Class(*)
    -------------------------------------------------------------------------
    IG Mackenzie Select        To merge into  IG Mackenzie Maxxum Canadian
    Managers Canada Fund                      Equity Growth Fund
    -------------------------------------------------------------------------
    IG Mackenzie Select        To merge into  IG Mackenzie Maxxum Canadian
    Managers Canada Class(*)                  Equity Growth Class(*)
    -------------------------------------------------------------------------
    Mackenzie Universal U.S.   To merge into  IG Mackenzie Universal U.S.
    Growth Leaders Fund (IG                   Growth Leaders Class(*)
    Series Units Only)
    -------------------------------------------------------------------------
    Mackenzie Universal        To merge into  IG Mackenzie Universal Global
    Global Future Fund (IG                    Future Class(*)
    Series units only)
    -------------------------------------------------------------------------
    

    These mergers are expected to occur on or about July 20, 2007.

    Portfolio Allocation Enhancements
    ---------------------------------

    Securityholders of several Alto(TM) and Allegro(TM) Portfolios also voted
to approve allocation enhancements and revisions to the fee structure of some
of their Portfolios. The enhancements include:

    
    -  Alto(TM) Conservative Portfolio - Equity exposure moving from 25 to
       30% of portfolio assets
    -  Alto(TM) Monthly Income Portfolio - Equity exposure moving from 27 to
       33% of portfolio assets
    -  Allegro(TM) Conservative Portfolio - Equity exposure moving from 25 to
       30% of portfolio assets.
    

    These changes are expected to take effect with the renewals of the
prospectuses of the Funds, which is anticipated to take place on or about July
20 2007.

    (*) These mutual funds are separate classes of shares issued by Investors
Group Corporate Class Inc.

    Investors Group, founded in 1926, is a national leader in delivering
personalized financial solutions to Canadians through a network of
approximately 4000 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 $126 billion in total assets under management.

    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 further information:

For further information: Media contact: Ron Arnst, Media Relations,
(204) 956-3364, ron.arnst@investorsgroup.com; Laura Vallis, Environics
Communications, (416) 969-2781, lvallis@environicspr.com

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