The firm has is also proposing a change to the investment objective Sentry Canadian Resource Class
D-class and IS-class units across all Excel mutual funds closed to new investments
New management fees range from 0.75% to 0.77%
Recent reductions by major mutual fund firms range from 5 bps to 55 bps
It will also proceed with the merger of Desjardins Canadian Equity Growth Fund with Desjardins Canadian Equity Fund
The changes affect Series F, F5, EF and EF5
An internal review discovered certain clients were not advised they qualified for lower-fee versions of certain mutual funds
Two IG affiliates failed to move eligible investors into a cheaper series of certain funds
Lower management fees for three BlueBay Funds and RBC Target 2020 Education Fund
The introduction of four new series provide more value and choice to investors