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This week Invesco
The move affects roughly 37% of Invesco's funds and 21% of its mutual fund assets.
Almost half of the mergers involve the firm's domestic-equity fund lineup.
Even before the mergers, four of Invesco's five largest funds are former Van Kampen funds. Its three largest funds will get even bigger as Invesco merges multiple funds into them.
Invesco will merge away three funds with more than $1 billion in assets: The $1.2 billion Invesco Basic Value
Invesco says it won't lay off any investment professionals as part of the mergers, because all of the personnel changes happened months ago.
This move follows Invesco's decision to liquidate multiple funds a few weeks ago and is the $113-billion-in-assets firm's biggest step yet to consolidate its 190-fund lineup. The company expects the mergers to take place in the second quarter of 2011.