Winnipeg-based Investors Group Inc. announced on Friday that it has opted to hold off on product changes, fund mergers and strategy adjustments until it can assess the implications that this week’s federal budget might have.

The decision was spurred by the inclusion of a provision in the budget that would allow mutual fund corporations to be merged into separate unit trust on a tax-deferred basis, the announcement says.

A securityholder meeting, which had been set for May 18, has been cancelled.

Read: Feds to extend rules governing mutual fund mergers

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