IG Wealth Management announced March 11 the introduction of four new iProfile Portfolios and two liquid alternative pools. T
Jon Kilfoyle, Senior Vice-President Investments, IG Wealth Management, says the iProfile Portfolios are a new suite of managed solutions with low pool advisory fees and are well diversified. "They will engage the investment expertise and talent of several leading global asset managers and will also include exposure to passive ETFs, liquid alternatives and real assets," he says.
The following four portfolio funds are expected to be available for purchase May 4:
|
iProfile Portfolios |
Fund Advisory Fees |
|
iProfile Portfolio – Global Fixed Income Balanced |
Up to 0.15% |
|
iProfile Portfolio – Global Neutral Balanced |
Up to 0.19% |
|
iProfile Portfolio – Global Equity Balanced |
Up to 0.21% |
|
iProfile Portfolio – Global Equity |
Up to 0.24% |
The iProfile Portfolios will invest in liquid alternative strategies. This will initially include Mackenzie Global Macro Fund.
The company also added two new non-retail pools: the JP Morgan – IG U.S. Equity Long/Short Pool, sub-advised by JPMorgan Asset Management (Canada) Inc. and Wellington – IG Global Equity Hedge Pool, sub-advised by Wellington Management Canada ULC.
