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 |
|
Monday, September 24, 2007 A Fund Manager Departs and Riversource Announces Consolidations RiverSource has plans to consolidate its fund line-up, beginning in early 2008. Morningstar reports that: the RiverSource Core Bond Fund will merge with the RiverSource Diversified Bond Fund; the RiverSource Value Fund will merge into the RiverSource Diversified Equity Income Fund; the RiverSource International Equity Fund will merge into the RiverSource Disciplined International Equity Fund; and muni funds for Massachusetts, Ohio, and Michigan will merge into the RiverSource Tax-Exempt High Income Fund. And Rick LaCoff, manager of the RiverSource Tax-Exempt High Income, has left the company unexpectedly. Catherine Stienstra, a member of the muni-sector team, has been tapped to replace him. Printed from: MFWire.com/story.asp?s=15845 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |