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, February 23, 2004 T. Rowe Closes Fund T. Rowe Price closed a high-yield bond fund and a small-cap stock fund to new investors on Friday, citing heavy inflows that can make it difficult to manage the funds, Reuters reports. The High Yield Fund grew to $3.9 billion from $2.4 billion over the course of 2003, with market appreciation and $930 million of inflows. The Small-Cap Fund grew to $5.2 billion from $3.4 billion, with net assets accounting for $535 million of the increase. Both funds will continue accepting additional investments from existing shareholders and from investors who have them available in certain retirement accounts, a spokesman said. Printed from: MFWire.com/story.asp?s=6711 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |