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 |
|
Friday, January 25, 2002 MS to Merge Three Morgan Stanley has submitted filings with the SEC to merger three of its domestic equity funds into related offerings. Altogether, the funds have roughly $1.2 billion in assets under management. If approved by shareholders, the Competitive Edge Best Ideas fund will be merged into the Dividend Growth fund, the Capital Growth Securities fund into the American Opportunities fund, and the S&P 500 Select fund into the S&P 500 Index fund. Each of the surviving funds carries a better performance track-record than the departing fund. The filing adds that the move is being made to help the funds achieve better economies. Yet, the move follows a growing trend by firms to trim their offerings. This leaves fewer, better focused products with more assets. It also simplifies efforts to market and explain the product line. Printed from: MFWire.com/story.asp?s=27164 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |