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Investors Group proposes four fund mergers


Investors Group has proposed four fund mergers which are expected to take effect on 18 July, subject to securityholder and regulatory approvals. 

The merging funds are:

  • Investors US Equity Fund – to merge into Investors Core US Equity Fund
  • Investors US Equity Class1 – to merge into Investors Core US Equity Class1
  • Investors Income Portfolio – to merge into Investors Fixed Income Flex Portfolio
  • IG Mackenzie US Growth Class1 – to merge into IG Putnam US Growth Class1

Generally, 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.
All of the mergers have been reviewed by the Investors Group Funds Independent Review Committee (IRC) which has determined that the mergers achieve a fair and reasonable result for the funds.

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