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Tuesday, October 9, 2012

Two Funds Become One

News summary by MFWire's editors

Fidelity will merge two multi-manager funds, reports Rob Langston for Money Marketing.

Fidelity MultiManager Balanced Portfolio and Fidelity MultiManager Income Portfolio funds will be renamed MultiManager Balanced Portfolio.

The merge was decided because the Fidelity MultiManager Balanced Portfolio is smaller but has a high expense ratio.

Eugene Philalithis and Ayesha Akbar will PM the fund. 

Edited by: HFD


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