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Rating:Evergreen Rolls Out Three Fund of Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 06, 2006

Evergreen Rolls Out Three Fund of Funds

by: Armie Margaret Lee

Evergreen Investments on Monday added three fund of funds to its lineup. Boston-based Evergreen is the investment management arm of Wachovia Corp., one of the largest wirehouses.

The Evergreen Envision Growth Fund, Evergreen Envision Growth and Income Fund and Evergreen Envision Income Fund are targeted risk funds that will invest in Class I shares of underlying Evergreen funds.

The new offerings are the first fund of funds investing in proprietary Wachovia products, said company spokesperson Laura Fay.

"The Envision funds offer advisors and clients access to a compelling line-up of Evergreen funds, packaged to help investors achieve specific investment goals by considering risk tolerance and return objectives," said Richard Gershen, executive managing director, business management strategy at Evergreen, in a statement.

Matthew Wedding, managing director for product research and solutions team at the Boston-based firm, is tasked with overall management of the funds. 

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