Liquid Alternatives: IG Launches Four New iProfile Portfolios
The new suite of managed funds offer investors exposure to several investment strategies.
Canadian fund manager IG Wealth Management has launched four new managed funds titled iProfile Portfolios that were available for purchase effective June 22. (Yahoo Finance)
The funds will suit a wide variety of investor profiles and preferences, enhance their financial confidence, and help them achieve long-term investment goals.
The Portfolios include various investment options such as active allocation, passive ETFs, liquid alternatives, and unique private assets.
The funds
The minimum investment for the funds is $100,000 or existing investment in IG Wealth’s iProfile managed asset program, and fees applicable are:
The funds | Fund Advisory Fee |
iProfile Portfolio – Global Fixed Income Balanced | Upto 0.15% |
iProfile Portfolio – Global Neutral Balanced | Upto 0.19% |
iProfile Portfolio – Global Equity Balanced | Upto 0.21% |
iProfile Portfolio – Global Equity | Upto 0.24% |
Sub-advisory model
The four funds above would be sub-advised by a range of reputed asset managers.
“Our new iProfile Portfolios reflect our sub-advised investment model, competitive pricing, and focus on delivering key managed solutions, empowering our advisors to provide world-class financial planning advice and client service,” said Jon Kilfoyle, Senior Vice-President Investments, IG Wealth Management. “We are excited to provide our clients with access to a broad range of underlying investments and high-quality global asset managers.”
The sub-advising asset managers will include names such as BlackRock Asset Management Canada Ltd., JPMorgan Asset Management ( Canada ) Inc., PIMCO Canada Corp., Wellington Management Canada ULC, and Mackenzie Financial Corporation.
Related Story: Mackenzie’s Alternative Enhanced Yield Fund is its Fifth Liquid Alt Offering
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