WINNIPEG, Jan. 19, 2015 /CNW/ - Investors Group is pleased to announce the addition of the following new investment options: Investors U.S Dividend Registered Fund and Allegro Income Balanced Portfolio Class. Both are now available for sale.
Investors U.S. Dividend Registered Fund
This new balanced fund is available to residents of Canada1 through certain types of registered plans, such as RRSP or RRIF.2 Investors U.S. Dividend Registered Fund expands Investors Group's suite of dividend funds. It aims to provide long-term capital appreciation and income by investing primarily in a combination of U.S. dividend-paying equity securities and/or other types of income-producing investments.
Due to an exemption from U.S. withholding tax, no U.S. withholding tax will be charged on dividends and other U.S. source income received by the Investors U.S. Dividend Registered Fund which should help to maximize its return.
Allegro Income Balanced Portfolio Class
This new investment option will complement the existing Portfolio options in Investors Group's Corporate Class structure. It aims to provide fixed income diversification and long-term capital appreciation by investing primarily in underlying funds that provide equity and/or fixed income exposure.
Both options are suitable for investors with capital growth as a long-term investment goal with direct or indirect exposure to fixed income markets.
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 over 5,100 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 $142 billion in total assets under management as of December 31, 2014.
1 This Fund may also be purchased through a registered plan by existing clients temporarily resident in the United States in limited circumstances.
2 This Fund is not available for investments in non-registered accounts, nor is it available for investments by TFSAs, RESPs or RDSPs.
SOURCE Investors Group Inc.
For further information: Ron Arnst, Investors Group, (204) 956-3364, [email protected]