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Rating:Credit Suisse to Blend Large Cap Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 16, 2010

Credit Suisse to Blend Large Cap Funds

Reported by Sean Hanna, Editor in Chief

Credit Suisse is merging a quartet of its funds into one. The fund sponsor is asking shareholders of the $168 million Large Cap Value Fund [WFGIX], $58 million Large Cap Growth Fund [CUCAX] and $99 million Mid-Cap Core Fund [CUWAX] to approve the exchange of their shares for those of the Large Cap Blend Fund [CFFAX].

All four of the funds are a series of Credit Suisse Capital Funds [see SEC filing].

Fund advisor Credit Suisse Asset Management is recommending the mergers to create operating efficiencies and economies of scale for the funds. The mergers would also lower the expense ratios for the merged shareholders. 

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