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Friday, August 22, 2003

Delaware to Liquidate Four

by: Sean Hanna, Editor in Chief

Delaware Management has put the hit out on four funds. The unit of Lincoln National revealed plans to liquidate four funds in filings made on Friday with the SEC. The reasons for the liquidations were not provided in the filing. However, the Philadelphia-based fund firm has been moving to streamline its fund lineup so far during the bear market.

Three of the four funds are part of the Delaware Group Equity Funds III. Those funds are the Delaware Focused Growth Fund, the Delaware Focused Value Fund and the Delaware Health Care Fund, according to a SEC filing.

Separately, the firm filed to liquidate the Delaware VIP Social Awareness fund.  

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