AIM Funds Management Inc. says five fund mergers were approved at the company’s annual meeting Tuesday.

AIM chief investment officer and executive vice president Patrick Farmer said the larger continuing funds will allow for economies of scale and should reduce the cost of investing for clients.

The non-continuing funds will merge with and adopt the investment objectives of the continuing funds. The changes include:

  • Trimark Enterprise Fund merged with and will continue as Trimark Canadian Fund;
  • Trimark Enterprise Small Cap Fund merged with and will continue as Trimark Canadian Small Companies Fund;
  • AIM American Aggressive Growth Fund merged with and will continue as Trimark U.S. Small Companies Class;
  • AIM Global Financial Services Class merged with and will continue as AIM Global Theme Class;
  • AIM RSP Global Financial Services Fund to merge with and continue as AIM RSP Global Theme Fund.