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Rating:The Evergreen Brand Will Disappear as Wells Fargo Reorgs its Fund Lineup Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, January 13, 2010

The Evergreen Brand Will Disappear as Wells Fargo Reorgs its Fund Lineup

Reported by InvestmentWires Staff, 

The Evergreen brand will no longer exist as part of proposed changes that Wells Fargo unveiled Wednesday, including fund mergers and liquidations. Wells Fargo swallowed Evergreen Investments at the end of 2008 as part of Wells' purchase of the whole of Wachovia Corp.

If the planned changes are approved by shareholders and other closing conditions are met, the changes are expected to take place in July. When the changes are complete, the Wells Fargo Advantage Funds family will carry a total of 128 mutual funds, variable trust funds, and Wells Fargo Managed Account CoreBuilder Shares.

As part of the planned changes, 27 Evergreen funds will be reorganized into new Wells Fargo Advantage Funds, 53 funds from the two families will merge and four Evergreen and one Wells Fargo Advantage Fund will be liquidated.  

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