On The Shelf:

(April 25, 2008) The manager of The Hartford Mutual Funds announced that, effective May 9, 2008, all classes of units of Hartford Canadian Dividend Growth Fund, Class D units of each of the Hartford Mutual Funds, and DCA Class D units of Hartford Canadian Money Market Fund will be closed to new subscriptions (other than purchases through systematic investment programs, systematic transfer plans or dollar cost averaging advantage programs established prior to May 9, 2008, and automatically reinvested distributions).

In addition, transfers into the affected funds will not be permitted after May 8, 2008, other than transfers through systematic transfer plans or dollar cost averaging advantage programs established in advance. Hartford Investments may reopen these classes of units of these funds to new subscriptions and transfers in the future.

Investors Group rolls out two new funds

(April 25, 2008) Investors Group is adding two new funds: IG Putnam U.S. High Yield Income Fund and IG Mackenzie Global Precious Metals Class.

IG Putnam U.S. High Yield Income Fund aims to provide a high level of current income and the potential for moderate capital appreciation by investing primarily in U.S. high yielding investments.

IG Mackenzie Global Precious Metals Class aims to provide long-term capital growth by investing primarily in equity securities of companies from around the world involved in the precious metals industry. It may also invest directly in certain precious metals.

Subject to regulatory approval, the funds are expected to be available for purchase early this summer.

(04/25/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.