With the proposed changes to the IG Mackenzie Quebec Enterprise Fund and Class, clients expect to benefit from greater portfolio management and diversification opportunities as Mandates’ investable universe expands to anywhere from Quebec to Canada. The changes are expected to potentially improve long-term performance while maintaining the same risk levels and within the same CIFSC Canadian Equity Fund category.
Security holders of record as of 23 March will be asked to approve changes regarding their fund or class in a virtual meeting to be held on 17 May.
Additionally, prior to the fund merger, the firm stated that the annual management fee rate for IG Mackenzie Canadian Equity Fund would be reduced on or around May 18:
|
Chain
|
current management fee
|
new management fee
|
|
Series A and Series B
|
1.85%
|
1.70%
|
|
C-Series
|
2.00%
|
1.85%
|
|
Series JDSC and Series JNL
|
1.60%
|
1.45%
|
|
U-Series
|
0.75%
|
0.60%
|
