Investors Group securityholders approved eight fund mergers at meetings held Monday, the Winnipeg-based fund manager says.

Each of the mergers involves funds with similar investment mandates.

Investors Group says the mergers are intended to provide more efficient management and, in some cases, more comprehensive investment mandates, which in turn, will provide the potential for more stable long-term performance.

The following mergers are expected to occur after the close of business on February 3:

Merging Fund

Continuing Fund

Investors Tactical Asset Allocation Fund

Investors Global Dividend Fund

Investors Canadian Dividend Growth Fund

Investors Canadian Equity Income Fund

Investors Summa Global Environmental Leaders Fund

Investors Summa Global SRITM Fund

Investors Summa Global Environmental Leaders Class

Investors Summa Global SRITM Class

Investors U.S. Large Cap Growth Fund

IG Putnam U.S. Growth Fund

Investors U.S. Large Cap Growth Class

IG Putnam U.S. Growth Class

Investors Retirement High Growth Portfolio

Alto Aggressive Canada Focus Portfolio

Investors World Growth Portfolio

Alto Aggressive Portfolio