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Rating:Wells Fargo Wraps Up Fund Mergers Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 30, 2011

Wells Fargo Wraps Up Fund Mergers

Reported by Armie Margaret Lee

Wells Fargo Advantage Funds has completed the merger of eight funds into others within the family.

Also, two Wells Fargo funds will see sub-advisor changes in the fourth quarter. Golden Capital Management will take over sub-advisory duties from Wells Capital Management for the Wells Fargo Advantage Disciplined U.S. Core Fund and Index Portfolio.

The fund board greenlighted the merger and sub-advisor switch proposals in May. Shareholders gave their approval at a meeting on August 19.

"The completion of the mergers demonstrates our commitment to providing a more streamlined, consolidated and competitive product line," Karla Rabusch, president of Wells Fargo Advantage Funds, in a press release.

Click here to see the press release. 

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