The board of directors of Connor, Clark & Lunn Capital Markets (CC&L) has agreed to the merger of two funds, Investment Executive reports. The Connor, Clark & Lunn Global Financials Fund II will be merged with the Focused Global Trends Fund, where the latter will be the continuing fund. The Focused Global Trends Fund will be renamed the Connor, Clark & Lunn Financial Opportunities Fund. The fund will aim to invest in a concentrated, international portfolio comprising financial services and property-related companies.

Click here for the story from Investment Executive.