] funds are
swallowing four of their lower-rated fellows. Yesterday and today the
mutual fund family filed to merge eight funds.
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].
Stay ahead of the news ... Sign up for our email alerts now