Affiliated Managers Group's [profile] Managers Investment Group is about to close two booming, five-star mutual funds to new investors.

On December 31, both of Managers' Yacktman [profile] mutual funds — the gold-rated, $13.5-billion Yacktman Fund and the silver-rated, $11.6-billion Yacktman Focused Fund — will close to new investors. Morningstar notes that five years ago the Yacktman Fund had about $300 million and the Yacktman Focused Fund had under $100 million. Their combined assets are now more than 60 times that figure. 

Edited by: Neil Anderson, Managing Editor


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