AEGON Fund Management has proposed changes to its fund offering, with seven funds being terminated and merged into other existing funds.
“We regularly review our investment line-up to ensure that [it offers] exceptional investment choices. As a result of our review, we are proposing to merge several mutual funds that have relatively small asset sizes and number of unit holders,” said Doug Brooks, president and CEO of AEGON Fund Management.
“Our primary intention of these fund mergers is to create a more focused line-up to meet the needs of our investors.”
Unitholders of each of the funds will be asked to approve the mergers at special meetings being held on April 13, 2012 in Toronto. If approved, the company plans to complete the mergers by April 27, 2012.
The closing funds will be merged into continuing funds as follows:
| Terminating Fund | Continuing Fund |
| imaxx Canadian Equity Value Fund | imaxx Canadian Equity Growth Fund |
| imaxx Canadian Small Cap Fund | imaxx Canadian Equity Growth Fund |
| imaxx U.S. Equity Value Fund | imaxx Global Equity Growth Fund |
| imaxx U.S. Equity Growth Fund | imaxx Global Equity Growth Fund |
| imaxx Global Equity Value Fund | imaxx Global Equity Growth Fund |
| imaxx Canadian Balanced Fund | imaxx Canadian Fixed Pay Fund |
| imaxx TOP Income Portfolio | imaxx Canadian Fixed Pay Fund |