Unitholders have approved two sets of fund mergers, Toronto-based AGF Investments Inc. announced on Thursday.

AGF Traditional Balanced Fund will merge into AGF Traditional Income Fund, while AGF Canadian Resources Class will merge into AGF Global Resources Class.

“These fund mergers were made to simplify and streamline our product lineup,” Gordon Forrester, executive vice president, product and marketing and head of retail, said in a statement.

The mergers have also received regulatory approval, AGF confirmed, and will take effect on July 10.