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Monday, April 3, 2000 Waddell Adds Tax-Managed Fund to Lineup Waddell & Reed today is launching a new United Tax-Managed Equity Fund, which seeks long-term growth of capital while employing strategies to minimize taxable gains and income.
The fund will be managed by Cynthia Prince-Fox who also manages the $600 million United Continental Income Fund. The portfolio will be made up primarily of common stocks of mid- to large-cap domestic companies. It will emphasize growth companies, including those selling at valuations that Prince-Fox believes to be attractive. "Waddell & Reed has historically managed its equity funds with an eye toward tax sensitivity, and this new fund takes that approach to an even higher level," said Robert Hechler, president. "It is a logical and important extension of our existing lineup of mutual funds." Printed from: MFWire.com/story.asp?s=25409 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |