Fundsters keeping track of firms scrapping B shares have another name to add to the list: DWS Investments
. The New York-based fund firm will
cease sales of B shares on March 1, 2010, according
a November 30 SEC filing
, and those shares already held will convert to class A shares after six years. DWS has 40 mutual funds that will be affected by the change.
Meanwhile, Virtus Investment Partners
stopped selling B shares on Tuesday. The firm first unveiled its plans in September.
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