As expected, Wells Fargo
will drop the scandal-tainted Strong name after it reorganizes the Strong
funds into Wells Fargo Funds in the second quarter. Not as expected, however, is the $100 billion fund firm's decision to change the name of the new 120-fund family. The new name will be the Wells Fargo Advantage Funds.
Where did the idea for the name come from?
The acquisition of the strong assets represents a significant change for the Wells Fargo fund family...
we decided to choose a name that best represented the [new] combination," said spokesman Won Ha.
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