Wall Street Journal Fund Track
, Diya Gullapalli reports that at least three
fund firms -- BlackRock
and Legg Mason
-- are planning to offer closed-end funds to take advantage of the Treasury's toxic-asset program.
BlackRock, for its part, is looking at a closed-end fund it launched in January, BlackRock Fixed Income Value Opportunities
, as a possible template.
Other asset managers, such as Goldman Sachs Asset Management
, T. Rowe Price
and Franklin Resources
, are currently evaluating the Treasury's program.
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