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Wednesday, December 29, 2010|
Royce Will Scour the Globe for Dividend Opportunities
Chuck Royce is prepping to focus on dividends in the coming year. The founder of Royce & Associates will act as the PM for the newest fund in the Royce family that is set to open next Monday with the new year. The new funds are detailed in an SEC filing.
All counted the Legg Mason affiliate is launching four new funds on January 1. The new offerings include: Royce Global Dividend Value Fund, Royce International Premier Fund, Royce International Micro-Cap Fund and Royce Special Equity Multi-Cap Fund. All counted Royce offers 30 mutual funds distributed by Royce Distributors.
Royce himself will act as the PM for Global Dividend Value, which will primarily purchase shares of companies that both pay a dividend and sport market caps of below $5 billion. Royce will also hunt for companies locared outside of the U.S., aiming to keep at least 40 percent of the portfolio outside of the States.
David Nadel will act as PM on the International Premier Fund and International Micro-Cap funds while Charles R. Dreifus will PM the Special Equity Multi-Cap Fund.
Boston Financial Data Services is the transfer agent for the four funds while State Street Bank and Trust Company is acting as the custodian.
Printed from: MFWire.com/story.asp?s=35520
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