Toronto-based AEGON Fund Management Inc. Monday announced proposed changes to its fund offering involving seven fund mergers to streamline and strengthen its line-up of funds.
“We regularly review our investment line-up to ensure that we continue to offer a lineup of exceptional investment choices. As a result of our review, we are proposing to merge several mutual funds that have relatively small asset size and number of unitholders with other mutual funds that we manage,” says Doug Brooks, chairman, president and CEO, AEGON Fund Management. “Our primary intention of these fund mergers is to create a more focused line-up to meet the needs of our investors.”
Subject to all necessary approvals, including regulatory and unitholder approvals, AEGON Fund Management is proposing to close the terminating funds and merge them into the continuing funds as follows:
| Terminating Fund | Continuing Fund |
| imaxx Canadian Equity Value Fund | imaxx Canadian Equity Growth Fund |
| imaxx Canadian Small Cap Fund | imaxx Canadian Equity Growth Fund |
| imaxx U.S. Equity Value Fund | imaxx Global Equity Growth Fund |
| imaxx U.S. Equity Growth Fund | imaxx Global Equity Growth Fund |
| imaxx Global Equity Value Fund | imaxx Global Equity Growth Fund |
| imaxx Canadian Balanced Fund | imaxx Canadian Fixed Pay Fund |
| imaxx TOP Income Portfolio | imaxx Canadian Fixed Pay Fund |
AEGON’s Independent Review Committee has reviewed each of these fund mergers and determined that they each achieve a fair and reasonable result for the funds.
Unitholders will be asked to approve the mergers involving their funds at special meetings scheduled to be held April 13 in Toronto.
Subject to all necessary approvals, the fund mergers are expected to be completed on April 27.