(September 21, 1999 – 15:30 ET) – Investor’s Group today announced the release of 12 mutual funds, marking what it calls its largest product expansion ever. The funds will be offered through partnerships with Scudder Kemper Investments Inc., MAXXUM Fund Management Inc., Templeton Management Limited and AGF Funds Inc., and will offer blanket coverage of the world’s capital markets.
This expansion is part of Investor’s Group’s 2000 strategy. The company hopes the expansion and diversification of the product shelf will build on the company’s strengths and position it to be a leader in the financial services industry.
Four of the new funds will be 100 per cent RSP eligible and linked to IG’s Investors Master Series. The IG Scudder European Growth and Canadian All Cap Funds, the IG Templeton International Equity Fund, the IG AGF Asian Growth U.S. Growth, and Canadian Diversified Growth Funds, and the IG MAXXUM Income and Dividend Funds all require a minimum initial investment of $1,000 for open accounts and $500 for registered accounts.
Further additions to the IG product shelf are planned for October, when the company will release four new seg funds in conjunction with Great-West Life Assurance Co.
-IE Staff