At meetings held today, securityholders of several Investors Group Funds approved mergers involving funds with similar existing mandates.

Investors Group says the mergers are expected to provide several benefits, including enhanced diversification opportunities and in some cases lower management and administration fees.

IG FI U.S. Equity Fund/Class will merge into IG AGF U.S. Growth Fund/Class.

IG FI Global Equity Fund/Class will merge into Investors Global Fund/Class.

IG Templeton World Allocation Fund will merge into Investors Tactical Asset Allocation Fund.

Regulatory approval for these mergers has also been obtained.

These mergers are expected to occur after the close of business on September 5, and the costs associated with the fund mergers are being borne by Investors Group.

Investors Group says adjustments will also be made to the composition of the Allegro Conservative and Allegro Moderate Conservative Portfolios, in conjunction with the merger involving the IG FI U.S. Equity Fund.

Also, the Allegro Moderate Conservative Portfolio will be rebalanced to invest 8% of its assets in IG FI Canadian Equity Fund with an offsetting decrease in the Portfolio’s current investment in the IG Mackenzie Maxxum Canadian Equity Growth Fund.

These changes are expected to occur in conjunction with the mergers after the close of business on September 5.