The world's largest asset manager is swallowing half of an insurer's mutual fund lineup.
Eight State Farm
] mutual funds will merge into BlackRock
] funds, pending shareholder approval, regulatory filings confirm
. There will be a special shareholder meeting on September 14 to discuss the proposed mergers. Fund Action reported
on the planned mergers.
The eight State Farm funds being merged include: the State Farm S&P 500 Index Fund
, the State Farm Bond Fund
, the State Farm Small Cap Index Fund
, the State Farm International Index Fund
, the State Farm Equity Fund
, the State Farm Small/Mid Cap Equity Fund
, the State Farm International Equity Fund
, and State Farm Tax Advantaged Bond Fund
According to Morningstar, State Farm
also has 10 other mutual funds.
Neil Anderson, Managing Editor
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