MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 23, 2006 Evergreen To Merge Funds Evergreen Investments, the asset management arm of Wachovia Corp., plans to fold its Strategic Value Fund into its Disciplined Value Fund. The proposed merger, which has already been approved by the board of trustees, will be taken up at a shareholder meeting on June 23. The plan to consolidate the funds stemmed from "an ongoing evaluation of our product line," said Laura Fay, a spokesperson at the Boston-based firm. "They have similar investment objectives." She added that the two funds share the same manager, William Zieff. As of end-February, the Strategic Value Fund had assets of $520 million, while the Disciplined Value Fund had $226 million. If approved by the shareholders, the merger will take place on or about June 26. Printed from: MFWire.com/story.asp?s=11503 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |