WINNIPEG, Oct. 26, 2012 /CNW/ - Investors Group announced today the addition of a new balanced fund to its product offering.
IG Mackenzie Sentinel Strategic Income Fund will seek income with the potential for long-term capital growth by investing primarily in fixed income investments and/or securities that pay equity income. The new mandate will pursue a flexible approach to investing in fixed income and/or equity asset classes with no geographic restriction.
Subject to regulatory approval, the new mandate is expected to be available in mid-January 2013.
"With many people either retiring or heading into their final working years, the need to produce steady cash flow is an important factor in retirement income planning," said Todd Asman, Senior Vice-President, Product and Financial Planning at Investors Group. "The added dimension of potential capital growth in the long term is also an important objective of this Fund."
A preliminary simplified prospectus relating to the Fund has been filed with certain Canadian securities commissions or similar authorities. You cannot buy units of the Fund until the relevant securities commissions or similar authorities issue receipts for the simplified prospectus of the Fund.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund 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), and Investors Group Securities Inc. (in Quebec, a firm in financial planning.)
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of more than 4,500 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 other financial 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 approximately $120 billion as of September 30, 2012, in total assets under management.
SOURCE: Investors Group Inc.
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