Assante Asset Management Ltd. announced yesterday evening the successful mergers of three Assante Artisan portfolios. The mergers were approved at a special meeting of the portfolios’ unitholders held in Toronto on November 25.

The three funds were combined with a larger fund with comparable investment objectives. Under the changes, Artisan Moderate Portfolio, Artisan Global Advantage Portfolio, and Artisan RSP Global Advantage Portfolio were merged into Artisan RSP Moderate Portfolio.

In addition, the name of Artisan RSP Moderate Portfolio was changed to Artisan Moderate Portfolio, but it will continue to qualify as Canadian content for the purpose of registered accounts.

“These mergers serve as evidence of our continuing commitment to improve the effectiveness and cost efficiency of our Assante Artisan Portfolios offering to the benefit of the program’s unitholders,” said Joe Canavan, president and CEO of Assante, in a release.