At meetings held Monday, securityholders of IG FI International Equity Fund and Class approved the mergers of their Funds into IG Templeton International Equity Fund and Class, respectively.

Securityholders of IG Templeton International Equity Class also approved the merger of their fund with IG FI International Equity Class.

Investors Group says these mergers are expected to result in larger continuing funds, which should provide greater portfolio management and diversification opportunities.

Another benefit of the mergers is a reduction of the annual management fees on the assets of the continuing funds.

The mergers are expected to occur after the close of business on June 22.