Investors Group Inc. on Friday announced that the management fees on 19 of its sub-advised partner funds will be reduced.

The fee reductions, ranging from 15 to 40 basis points, will take effect on Monday, July 28, unless otherwise noted below.

The funds affected include sub-advised offerings by AGF Funds Inc., Fidelity Investments Canada Limited, Mackenzie Financial Corporation and Franklin Templeton Investments Corp.:

  • IG AGF Canadian Growth Class(1), 2.00%;
  • IG AGF Canadian Growth Fund, 2.00%;
  • IG AGF Canadian Growth Fund II, 2.00%;
  • IG FI Canadian Allocation Fund, 2.00%;
  • IG FI Canadian Equity Class(1), 2.00%;
  • IG FI Global Equity Class(1), 2.30%;
  • IG FI Global Equity Fund, 2.25%;
  • IG FI Canadian Equity Fund, 2.00%;
  • IG FI U.S. Equity Class(1), 2.25%;
  • IG FI U.S. Equity Fund, 2.25%;
  • IG Mackenzie Ivy European Class(1), 2.05%;
  • IG Mackenzie Ivy European Fund, 2.00%;
  • IG Mackenzie Ivy Foreign Equity Class(1), 2.05%;
  • IG Mackenzie Maxxum Dividend Fund. 2.00%;
  • Mackenzie Universal Global Future: IG Series Units, 2.25% (effective August 1);
  • IG Mackenzie Universal U.S. Growth Leaders Class(1), 2.25% (effective August 1);
  • Mackenzie Universal U.S. Growth Leaders: IG Series Units, 2.25% (effective August 1);
  • IG Templeton International Equity Class(1), 2.05%; and
  • IG Templeton International Equity Fund, 2.00%.