The firm also announces management fee reductions and other changes to its mutual fund lineup
The company will hold a unitholder meeting to approve the merger
The firm is also changing the names of 19 funds
Firm is terminating five funds, merging 11
The firm also announced two fund mergers, and new investment objectives for another fund
Changes include fund mergers, reduced risk ratings and new investment objectives
Changes took effect on May 3
Three mergers proposed to streamline product lineup
Five RBC Index ETFs will merge into iShares ETFs
The merged fund would benefit from increased scale, the firm says