MutualFundWire.com: RiverSource Merges More Funds
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Thursday, April 8, 2010

RiverSource Merges More Funds


RiverSource Investments completed its latest round of fund mergers last month. This newest round comes a year and four months after RiverSource's parent finished its purchase of New York City fund firm J & W Seligman. It also comes as Ameriprise is about to complete its acquisition of Columbia Management's long-term asset management business.

According to RiverSource's Web site, the Minneapolis-based fund firm merged the following effective March 29:

  • RiverSource Partners Aggressive Growth Fund into the RiverSource Mid Cap Growth Fund
  • RiverSource Partners Select Value Fund into the RiverSource Mid Cap Value Fund
  • RiverSource Partners Small Cap Growth Fund into the Seligman Frontier Fund
  • RiverSource Partners Small Cap Equity Fund into the Seligman Smaller-Cap Value Fund
  • RiverSource Smaller Companies Fund into the RiverSource Partners International Small Cap Fund
  • RiverSource Tax-Exempt Money Market Fund into the RiverSource Government Money Market Fund

    Last year, RiverSource completed four rounds of fund mergers affecting RiverSource, Seligman and Threadneedle funds.


    Printed from: MFWire.com/story.asp?s=31874

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