MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, February 16, 2011 Legg Mason Clears One Fund Swallowing Another Legg Mason's [see profile] mutual fund roster is about to shrink by one. Earlier this month the Baltimore-based asset manager revealed plans to merge the Legg Mason ClearBridge Diversified Large Cap Growth Fund into the much larger Legg Mason Clearbridge Appreciation Fund [see filing]. (The former has $95.27 million, while the latter has $4.45 billion.) Pending shareholder approval (proxy materials will go out in April), Legg expects to combine the funds on June 24. The Diversified Large Cap Growth Fund's A, C and I shares will close on June 22 and its B shares on February 18. The FI, R and R1 shares are already closed. Legg did not offer a reason for the move. Printed from: MFWire.com/story.asp?s=36072 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |