Mackenzie Financial Corp. today announced that is has received unitholder approval to merge several of its mutual funds.

The funds to be merged are:

  • Scudder Canadian Bond Fund into Mackenzie Bond Fund;
  • MAXXUM Precious Metals Fund into Mackenzie Universal Precious Metals Fund;
  • MAXXUM Natural Resource Fund into Mackenzie Universal Canadian Resource Fund ;
  • Scudder Pacific Fund and Mackenzie Universal Far East Fund into Mackenzie Universal Select Managers Far East Capital Class ;
  • Scudder Emerging Markets Fund and Mackenzie Universal World Emerging Growth Fund into Mackenzie Universal World Emerging Growth Capital Class ;
  • Scudder Life Sciences Fund and Mackenzie Universal Health Sciences Fund into Mackenzie Universal Health Sciences Capital Class ;
  • Scudder Global Fund into Mackenzie Universal Growth Trends Capital Class ;
  • Scudder Canadian Equity Fund and Mackenzie Sentinel Canada Equity Fund Limited into Mackenzie Universal Select Managers Canada Fund ;
  • Scudder Canadian Small Company Fund into Mackenzie Ivy Enterprise Fund ;
  • Scudder Canadian Money Market Fund into Mackenzie Money Market Fund.

The mergers are still subject to regulatory approval, but it is expected that the mergers will be implemented on August 9.

In addition, concurrent with the approvals of the mergers by investors, investors also approved proposed changes in investment objectives to Mackenzie Universal RSP Health Sciences Fund and Mackenzie Universal World Emerging Growth Capital Class.