Investors Group is changing the make-up of several of their portfolios.
The Maxxum Dividend Growth Fund (by IG Mackenzie) with a 15 year annual return of 4% is being dropped (5% weighting) from Alto Monthly Income and Alto Monthly Income and Growth portfolios.
The Real Return Bond Fund is getting the boot from the above portfolios as well as Allegro Conservative, Allegro Moderate Conservative, Alto Conservative and Alto Moderate Conservative portfolios. The Pan Asian Growth Fund is being substituted for the Japanese Equity Fund. In addition ...
OH WHO CARES ! THESE ARE IG FUNDS. PLEASE READ OTHER POSTS FOR GOOD INVESTING IDEAS !!!!!!!!!!!!
PS - The IG notice says there will be no material impact to the MERs ... that is, they will remain sky high relative to other options. BTW, I just got the quarterly IG portfolio styatements - no reporting of the returns - ever. What you don't know won't make you switch.