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Rating:Dreyfus Plans to Squish Eight Funds Together Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, April 08, 2011

Dreyfus Plans to Squish Eight Funds Together

Reported by Neil Anderson, Managing Editor

Four Dreyfus [see profile] funds are swallowing four of their lower-rated fellows. Yesterday and today the BNY Mellon mutual fund family filed to merge eight funds.

The MFWire could not immediately reach a Dreyfus spokesperson for comment on the moves. Dreyfus' filings did not provide the reason for the mergers.

The mergers are:

  • the Dreyfus Institutional Cash Advantage Plus Fund will merge into the Dreyfus Institutional Cash Advantage Fund on June 7 [see filing];

  • the $168.54-million Dreyfus Emerging Leaders Fund (which Morningstar gives one star) will merge into the $846.41-million Dreyfus Opportunistic Small Cap Fund (three stars) on November 28, pending shareholder approval [see filing];

  • the $141.26-million Dreyfus Alpha Growth Fund (three stars for the A shares) and the $282.43-million Dreyfus Research Core Fund (one star for A shares) both will merge into the $237.94-million Dreyfus Research Growth Fund (four stars for A shares), pending shareholder approval, on November 7 and 9, respectively [see filing]. 

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