Winnipeg-based Investors Group has announced four proposed fund mergers.

The mergers are expected to take effect at the close of business on July 18, subject to securityholder and regulatory approvals.

Merging Fund

Continuing Fund

Investors U.S. Equity Fund

Investors Core U.S. Equity Fund

Investors U.S. Equity Class

Investors Core U.S. Equity Class

Investors Income Portfolio

Investors Fixed Income Flex Portfolio

IG Mackenzie U.S. Growth Cl.

IG Putnam U.S. Growth Class

Investors Group says these mergers are expected to benefit the securityholders of the merging funds as a result of the potential for improved long-term performance in the continuing funds.

The continuing funds’ larger asset base may provide greater portfolio management efficiency and/or a more comprehensive investment mandate with enhanced diversification, less volatility and greater portfolio management opportunities.

In addition, it is anticipated the mergers will increase administration efficiency, including fee reductions in some cases.

Securityholders will be asked to approve the mergers involving their funds at special meetings scheduled to be held July 7 in Winnipeg.

Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies.