, the asset management arm of Wachovia Corp.
, plans to fold its Strategic Value Fund
into its Disciplined Value Fund
. The proposed merger, which has already been approved by the board of trustees, will be taken up at a shareholder meeting on June 23.
The plan to consolidate the funds stemmed from "an ongoing evaluation of our product line," said Laura Fay
, a spokesperson at the Boston-based firm. "They have similar investment objectives."
She added that the two funds share the same manager, William Zieff
As of end-February, the Strategic Value Fund
had assets of $520 million, while the Disciplined Value Fund
had $226 million.
If approved by the shareholders, the merger will take place on or about June 26.
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