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 |
|
Monday, March 7, 2011 Legg Mason Bids B Shares Adieu B shares continue to fall out of favor at mutual fund firms. Last week Legg Mason [see profile] revealed plans to shutter its B shares to both new and existing investors by July 1 (while still keeping the shares open "for incoming exchanges and for dividend reinvestment") [see filing]. Morningstar's Ryan Leggio broke the news in the "Fund Times" column. The move impacts 38 Legg funds. The fund firm's filing offered no explanation for the shift. Printed from: MFWire.com/story.asp?s=36191 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |