While the losses of 2008 are leading some funds to liquidate, others are taking the opportunity to reopen instead. In the Morningstar Fund Times
, Katie Rushkewicz reports
that, after dropping 30 percent each last year (still ahead of their peers), DWS Dreman Small Call Value
and Aston/River Road Small Cap Value
have both reopened.
On the flip side of the coin, the Fund Times adds that relative newcomers Aston/SGA International Small-Mid Cap
and Aston/Clarivest Mid Cap Growth
, both launched in 2007, will liquidate on January 31, thanks to dwindling asset bases. (The Small-Mid Cap fund holds about $550,00 and the Mid Cap fund holds about $290,000.)
The Fund Times also notes:
the launch of a new fund, Baron International Growth, the firm's first international offering;
the impact of the Indian Satyam Computer Services scandal on a number of mutual funds (like Fidelity Select Software & Computers, Dreyfus Select Mid Cap Growth, Dreyfus S&P Stars Opportunities, Atlantic Whitehall Mid-Cap Growth, Sextant International, Fidelity Overseas, MFS International New Discovery and Fidelity Growth & Income;
and a host of manager changes -- at Aston, Columbia, Fidelity, Morgan Stanley/Van Kampen and Waddell & Reed.
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