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Monday, August 09, 2004|
SSRM Plans Energy Fund
State Street Research is planning a natural resources fund. The company filed for a new fund, called All-Cap Global Resources Fund, in early July.
Operating expenses for the fund will be 1.6 percent for A shares, 2.3 percent for B and C shares, 1.8 percent for R shares and 1.3 percent for S shares.
The fund will invest at least 80 percent of its assets in natural resource companies and associated businesses.
State Street's Energy team will manage the fund. Denis J. Walsh III, managing director, and Daniel J. Rice III, senior vice president, are senior members of the team.
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