ClaringtonFunds Inc. is asking investors to vote next month on the proposed merger of 13 of its mutual funds into existing Clarington funds, subject to regulatory approval. The company says the mergers will reduce ongoing expenses to investors because of increased economies of scale.
The proposed mergers will affect the following funds:

> Asia Pacific Fund, Global Communications Fund and International
Equity Fund will merge with Global Equity Fund;

> Canadian Growth Fund will merge with Canadian Equity Fund;

> Global Core Portfolio will merge into Canadian Core Portfolio;

> Global Health Sciences Class, Global Value Class and U.S. Value Class will merge with Global Equity Class;

> Navellier U.S. All-Cap Class will merge with Navellier U.S. All-Cap Fund;

> RRSP Global Communications Fund will merge with RRSP Global Equity Fund;

> U.S. Core Portfolio will merge into Canadian Core Portfolio;

> U.S. Growth Fund will merge into Navellier U.S. All-Cap Fund;

> U.S. Smaller Company Growth Fund will merge into Global Small-Cap Fund.

In all cases, the overall MER will be maintained or lowered, except for U.S.
Growth Fund and Global Value Class, which
are merging into funds with higher management fees. Assuming the mergers meet shareholder and regulatory approval, they will take effect Aug. 26.