Affiliated Managers Group's
] Managers Investment Group
is about to close two booming, five-star mutual funds to new investors.
On December 31, both of Managers' Yacktman
] mutual funds — the gold-rated
, $13.5-billion Yacktman Fund
and the silver-rated
, $11.6-billion Yacktman Focused Fund
— will close to new investors. Morningstar
notes that five years ago the Yacktman Fund had about $300 million and the Yacktman Focused Fund had under $100 million. Their combined assets are now more than 60 times that figure.
Neil Anderson, Managing Editor
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