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Friday, August 17, 2018|
BlackRock Buys Half of an Insurer's MFs
The world's largest asset manager is swallowing half of an insurer's mutual fund lineup.
Eight State Farm [profile] mutual funds will merge into BlackRock [profile] funds, pending shareholder approval, regulatory filings confirm. There will be a special shareholder meeting on September 14 to discuss the proposed mergers. Fund Action reported on the planned mergers.
The eight State Farm funds being merged include: the State Farm S&P 500 Index Fund, the State Farm Bond Fund, the State Farm Small Cap Index Fund, the State Farm International Index Fund, the State Farm Equity Fund, the State Farm Small/Mid Cap Equity Fund, the State Farm International Equity Fund, and State Farm Tax Advantaged Bond Fund.
According to Morningstar, State Farm also has 10 other mutual funds.
Printed from: MFWire.com/story.asp?s=58517
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