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Rating:Investor Group Drops MLAM as Advisor Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, June 25, 1999

Investor Group Drops MLAM as Advisor

Reported by Jason Shank

Investors Group Inc., Canada's largest mutual fund complex has been busy in the first half of 1999, adding 18 funds to its product line-up, including new Scudder, Templeton, AGF and Maxxum funds.

The company has also recently changed advisors on 5 of the new offerings, dropping Merrill Lynch Asset Management and replacing it with Templeton on two funds, Scudder on two more, and AGF on a fifth.

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  • "Investors Group's comprehensive selection of funds, including Canadian, U.S. and Global investment options, along with a diversity of investment styles provides our clients with the tools they need to develop a successful personal financial strategy,'' said John Wiltshire, vice-president of investment product marketing at Investors Group.

    "The combination of Canada's largest family of funds which is comprised of Investors Master Series(TM) and our enhanced fund partnerships along with the ability to transfer between a wide selection of fund families without cost is unique in the Canadian industry."

    As part of a mutual decision reached by Investors Group and Merrill Lynch Asset Management, the five Merrill Lynch funds that were introduced in 1996 will change advisors, effective by August 1, 1999.

    The new funds and the advisor changes are as follows:

    Scudder AGF
    Canadian All Cap Fund Canadian Growth Fund(x)
    US Allocation Fund(x) Canadian Diversified Growth
    Emerging Markets Growth Fund(x) US Growth Fund
    European Growth Fund Asian Growth Fund
    Maxxum Templeton
    Income Fund International Equity Fund
    Dividend Fund World Allocation Fund(x)
    World Bond Fund(x)
    (x) Denotes funds formerly advised by Merrill Lynch Asset Management.

    With the new funds, Investors Group's product line-up will grow to 70 funds, compared to 52 at the beginning of 1999. This now includes 46 Investors Master Series(TM) funds and 24 additional funds through partnerships with seven other financial organizations.

    "Investors Group has just completed the most ambitious enhancement of fund options in its 70 year history,'' added Wiltshire. ``The introduction of four new 100% RSP Global Funds, four segregated funds, Investors Retirement High Growth Portfolio Fund, Investors Quebec Enterprise Fund and 8 new funds in partnership with Scudder, Maxxum, Templeton and AGF gives our clients a comprehensive selection of mutual funds on which to build their financial futures."

    Funds Equity Category Style Manager
    IG Scudder Canadian All Cap Canadian Blend Phil Fortuna
    IG Scudder US Allocation Balanced Blend Gary Langbaum
    IG Scudder Emerging Markets Growth Emerging Markets Growth Joyce Cornell
    IG Scudder European Growth European Growth Joan Gregory
    IG Maxxum Income Gerry Boychuk
    IG Maxxum Dividend Dividend Blend Jacqueline Pratt
    IG Templeton International Equity Global Value Norm Boersma
    IG Templeton World Allocation Balanced Value Norm Boersma/Jeff Sutcliffe
    IG Templeton World Bond Jeff Sutcliffe
    IG AGF Canadian Growth Canadian Growth Martin Hubbes
    IG AGF Canadian Diversified Growth Small/Mid-Cap Growth Bob Farquarson
    IG AGF US Growth US Growth Steve Rogers
    IG AGF Asian Growth Far East Growth David Chan

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