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 |
|
Tuesday, August 14, 2001 CDC Ixis No-Load Unit to be Merged CDC Ixis is continuing to restructure its fund distribution and marketing efforts. Its latest move is to fold three funds now being marketed under the Jurika & Voyles umbrella into the CDC Nvest brand. Oakland, California-based Jurika & Voyles will continue to act as the advisor to the funds, but sales will be handled by the CDC Nvest staff which offers only load funds. Jurika & Voyles, which is best known as an institutional manager had offered the Jurika & Voyles Small-Cap, Balanced and Value+Growth funds directly to investors with no-load shares. The funds have roughly $100 million in combined assets, according to Morningstar. This amount is a small proportion of the roughly $2.3 billion Jurika & Voyles manages for institutions. CDC Ixis also recently folded the Kobrick funds into similar CDC Nvest funds. The Kobrick funds had also been facing difficulty gathering assets. Paperwork filed with the SEC reveals that the firm will hold a shareholder vote on November 16 on the proposal and that the changes are scheduled for November 30. Printed from: MFWire.com/story.asp?s=26848 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |