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, October 9, 2000 October 9, 2000 Liberty to Trim 17 Funds From Wall Street Journal Liberty Financial will merge 17 of its 95 funds into 10 other funds by January, according to filings made by the firm late last week. Liberty is not alone in paring its fund rolls, so far this year 419 funds have been merged, according to Wiesenberger, up from 409 in 1999. Liberty is paring the funds in the wake of acquisitions, including the recent Wanger pickup, that have left it with overlapping products. Three of the funds slated for elimination carry the Stein Roe Brand. The remaining 14 carry the Liberty brand. Third Quarter Wrap From Barron's and Wall Street Journal The staff at Dow Jones offers its regular end-of-quarter fund coverage from both Barron's and the Wall Street Journal. The articles in the special report include a profile of the Amvescap's AIM and Invesco units. Although neither firm is foremost in the industry (AIM ranks number 10 in assets and Invesco number 20), the pair have combined to pull in $20 billion of inflows year-to-date, more than Vanguard. Other articles report on the move to require funds to report after-tax returns, the success of tech funds, the return to bond funds, incubator funds and, of course, the best and worst performers during the third quarter. Printed from: MFWire.com/story.asp?s=25940 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |