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Rating:A Fund Manager Departs and Riversource Announces Consolidations Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 24, 2007

A Fund Manager Departs and Riversource Announces Consolidations

by: Erin Kello

RiverSource has plans to consolidate its fund line-up, beginning in early 2008. Morningstar reports that: the RiverSource Core Bond Fund will merge with the RiverSource Diversified Bond Fund; the RiverSource Value Fund will merge into the RiverSource Diversified Equity Income Fund; the RiverSource International Equity Fund will merge into the RiverSource Disciplined International Equity Fund; and muni funds for Massachusetts, Ohio, and Michigan will merge into the RiverSource Tax-Exempt High Income Fund. And Rick LaCoff, manager of the RiverSource Tax-Exempt High Income, has left the company unexpectedly. Catherine Stienstra, a member of the muni-sector team, has been tapped to replace him.  

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