Toronto-based Mackenzie Financial Corp. said last week that it will call a shareholder meeting in May to consider a bevy of changes to its fund lineup.

Mackenzie proposes merging more than a dozen funds in an effort to create larger portfolios that will reduce administration costs and present a more clear array of products, the company said. The proposals are also intended to eliminate some duplication of investment objectives.

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.