Investors Group says it intends to change the composition of the iProfile Fixed Income Pool. The pool is part of Investors Group’s $500 million iProfile, Managed Asset Program for clients with high net worth.
The pool will invest 15% of its assets in Investors Mortgage Fund and 10% of its assets in Investors Real Property Fund. This will involve a re-allocation of 25% of the pool’s current weighting in the Global Bond mandate.
The proposed reallocation of the iProfile Fixed Income Pool is:
- Canadian Bond, 50%;
- High Yield, 10%;
- Global Bond, 15%;
- Investors Real Property Fund, 10%; and
- Investors Mortgage Fund, 15%.
The introduction of Investors Mortgage Fund and Investors Real Property Fund is expected to reduce the pool’s overall risk characteristics without sacrificing return and should, therefore, reduce the amount of risk to which clients are exposed in their portfolios.
Unitholders of the pool will meet to approve this proposal on September 21. Subject to unitholder and regulatory approval, the changes to the pool will take effect upon the refiling of the iProfile prospectus which is anticipated to be complete at the end of September.