Ms. Rebecca Ellison reports
IG WEALTH MANAGEMENT INTRODUCES DISCRETIONARY MODELS TO THE IPROFILE PRIVATE PORTFOLIOS PROGRAM
IGM Financial Inc.'s IG Wealth Management has introduced discretionary model portfolios in its iProfile Private Portfolios. These new offerings will be supported by the corresponding launch of six new private pools, in addition to commitments to private credit mandates managed by Northleaf Capital Partners, Sagard Credit Partners and PIMCO in the iProfile Fixed Income Private Pool.
"These latest additions demonstrate our ongoing commitment to making the iProfile Private Portfolios an ideal investment option for high-net-worth clients," said Jon Kilfoyle, senior vice-president of IG Investments. "More generally, today's announcement expands on our commitment to provide clients with professionally maintained portfolios, access to leading global subadvisers and unique investment opportunities."
iProfile Private Portfolios are managed solutions ideal for high-net-worth investors and provide individuals with the same institutional wealth management and diversification opportunities as large pools of capital, such as pension funds. They are designed to achieve diversification among different asset classes and management styles, and are suitable for different investors based on their individual investment objective, risk tolerance and time horizon.
New discretionary model portfolios for existing clients
IG's new discretionary model portfolios, initially available to existing iProfile Private Portfolio clients starting today, offer a range of investments that are professionally maintained and monitored. Holdings will be rebalanced as outlined in an investment policy statement specific to each client's investment goals. Clients will enter into the discretionary model portfolios through a managed account agreement.
The discretionary model portfolios will integrate existing iProfile Private Pools and new exposures to active allocation, alternatives, passive exchange-traded funds, low volatility and private assets, as outlined in this news release.
Six new private pools added to iProfile Private Portfolios
Six new iProfile private pools will engage the investment expertise and talent of leading global asset managers.
Three iProfile active allocation private pools
Subadvised by BlackRock Asset Management Canada Ltd., these three private pools will primarily use ETFs in an active allocation approach without any geographic restrictions. They are designed to provide investors with long-term capital appreciation through equity and/or fixed income securities, with exposures varying depending on each individual pool's outlook for each asset class.
iProfile Alternatives Private Pool
This private pool will invest in liquid alternative strategies, allocating its investments to a number of mandates, currently including:
- J.P. Morgan -- IG U.S. Long Short Equity Pool;
- Mackenzie Global Macro Fund;
-
Wellington -- IG Global Equity Hedge Pool.
iProfile ETF Private Pool
Subadvised by Mackenzie Investments, the iProfile ETF Private Pool aims to allocate its investments to a number of primarily developed-market ETFs, currently including:
-
Mackenzie Canadian Equity Index ETF;
- Mackenzie International Equity Index ETF;
- Mackenzie U.S. Large Cap Equity Index ETF.
iProfile Low Volatility Private Pool
The four separately managed low-volatility mandates within this private pool will seek to provide exposure to equities with lower volatility over a full market cycle than their broad geographic equity markets, which include the U.S., international, Canadian and emerging markets.
Investments in private credit funds added to existing iProfile Fixed Income Private Pool
The private credit mandate of the iProfile Fixed Income Private Pool seeks to provide clients with diversified exposure to private credit investments in privately held companies from around the world. IG Wealth Management has entered into commitments that will leverage the unique investment capabilities of Northleaf Capital Partners, Sagard Credit Partners and PIMCO through these private credit funds:
- Northleaf Senior Private Credit (NSPC);
- Northleaf Private Credit II (NPC II);
- Sagard Credit Partners II (SCP II);
- PIMCO Corporate Opportunities Fund III.
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