Investors Group has proposed mergers involving funds with similar existing mandates. The mergers, which require unitholder and regulatory approval, are expected to provide enhanced diversification opportunities and in some cases lower management and administration fees.

The funds to be merged are:

> IG Templeton World Allocation Fund to be merged into Investors Tactical Asset Allocation Fund;

> IG FI U.S. Equity Fund/Class to be merged into IG AGF U.S. Growth Fund/Class; and

> IG FI Global Equity Fund/Class to be merged into Investors Global Fund/Class.

Unitholder meetings are scheduled for September 2. If approved, these changes are scheduled to take effect after the close of business on September 5.

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

As well, 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 IG Mackenzie Maxxum Canadian Equity Growth Fund.

The IG Funds Independent Review Committee approved the proposed mergers at a meeting held on June 23.