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Monday, May 16, 2005 Lord Abbett Closes Two Funds to New Money Lord Abbett's Mid-Cap Value and Small-Cap Value funds will be closed to new retirement plan and advisory account investors effective July 29, 2005, reports Morningstar. The $9.9 billion Mid-Cap fund was closed to new non-retirement plan investors in late September of 2003, while the $2.1 billion Small-Cap Value fund was similarly closed to new retail investors in 2001. Printed from: MFWire.com/story.asp?s=9706 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |