Invesco Funds Group of Denver, Colo., announced May 28 that its shareholders had approved merging eight funds and closing three in order to simplify its product line.

Small Company Value will merge into Small Company Growth, Asian Growth will merge into Pacific Basin, European Small Company into European, International Growth into International Blue Chip, Multi-Asset Allocation into Balanced, Short Term Bond into Select Income, Intermediate Government Bond into U.S. Government Securities, and Tax-Free Intermediate Bond into Tax-Free Long-Term Bond. The latter fund was also renamed Tax-Free Bond on June 1.

The three funds that have been closed are: Environmental Services, Worldwide Capital and Emerging Markets.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.