By Scott Ronalds
A dirty little secret in this business: when a fund has an ugly performance record, it can be buried by merging it into another fund.
Fund mergers occur all the time (see Fund Company Calls the Cleaner). The latest track records to be swept under the rug belong to a handful of under-performing Investors Group funds (see below).
Given Investors Group’s dizzying array of over 500 products (in numerous classes and series), these mergers will largely go unnoticed by investors.