Key Takeaways
- • IG Wealth Management launched four new iProfile Portfolios with advisory fees ranging from 0.15% to 0.24%, designed to serve investors across fixed income, balanced, and equity risk profiles, with availability anticipated for May 4, 2020.
- • The firm introduced two liquid alternative pools as part of a broader suite expansion, incorporating exposure to passive ETFs, liquid alternatives, and real assets managed by leading global asset managers including BlackRock, Aristotle Capital Boston, and China Asset Management.
- • IG announced management fee reductions across certain funds and classes, along with proposed fund mergers and strategy changes, aimed at lowering costs and simplifying the mutual fund lineup for retail clients.
- • The new iProfile Portfolios will leverage multi-manager investment expertise from several leading global asset managers, providing diversified solutions tailored to different investor profiles and risk preferences.
Summary
IG Wealth Management announced a significant expansion of its managed solutions portfolio on March 11, 2020, introducing four new iProfile Portfolios alongside two liquid alternative pools. The initiative reflects a strategic shift toward lower-cost, diversified investment structures designed to serve varying client risk profiles and investment objectives.
The four new iProfile Portfolios—Global Fixed Income Balanced, Global Neutral Balanced, Global Equity Balanced, and Global Equity—carry advisory fees ranging from 0.15% to 0.24%, positioning them as cost-competitive offerings within the managed portfolio space. According to Jon Kilfoyle, Senior Vice-President Investments at IG Wealth Management, these portfolios represent "a new suite of managed solutions with low pool advisory fees" that are "well diversified to meet the needs of different investor profiles and preferences." All four funds were anticipated to become available for purchase on or about May 4, 2020.
The portfolios will be managed by a multi-manager structure incorporating several leading global asset managers: Aristotle Capital Boston LLC, BlackRock Asset Management Canada Limited, and China Asset Management Co., Ltd. This approach combines active management expertise with exposure to passive ETFs, liquid alternatives, and real assets, providing layered diversification across asset classes and geographies.
In conjunction with the portfolio launches, IG Wealth Management announced broader changes to its mutual fund architecture, including management fee reductions for select funds and classes, proposed fund mergers, and changes to investment objectives, strategies, and sub-advisors for certain funds. These modifications are intended to reduce client costs while streamlining the firm's mutual fund lineup, addressing institutional and retail investor demand for simplified, lower-cost investment vehicles.
The four new iProfile Portfolios—Global Fixed Income Balanced, Global Neutral Balanced, Global Equity Balanced, and Global Equity—carry advisory fees ranging from 0.15% to 0.24%, positioning them as cost-competitive offerings within the managed portfolio space. According to Jon Kilfoyle, Senior Vice-President Investments at IG Wealth Management, these portfolios represent "a new suite of managed solutions with low pool advisory fees" that are "well diversified to meet the needs of different investor profiles and preferences." All four funds were anticipated to become available for purchase on or about May 4, 2020.
The portfolios will be managed by a multi-manager structure incorporating several leading global asset managers: Aristotle Capital Boston LLC, BlackRock Asset Management Canada Limited, and China Asset Management Co., Ltd. This approach combines active management expertise with exposure to passive ETFs, liquid alternatives, and real assets, providing layered diversification across asset classes and geographies.
In conjunction with the portfolio launches, IG Wealth Management announced broader changes to its mutual fund architecture, including management fee reductions for select funds and classes, proposed fund mergers, and changes to investment objectives, strategies, and sub-advisors for certain funds. These modifications are intended to reduce client costs while streamlining the firm's mutual fund lineup, addressing institutional and retail investor demand for simplified, lower-cost investment vehicles.
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