San Francisco-based Dodge & Cox
will close its Balanced Fund to new investors on September 10, leaving investors keen on Dodge & Cox funds just two options.
on Monday that it will close the $17.3 billion fund. Currently, the firm's $36.3 billion Equity Fund is also closed.
The closure likely means that Dodge & Cox, which was number five in net inflows this year, will not retain its spot. Inflow data is according to Financial Research Corp.
Compared to its peers, Dodge & Cox's Balanced Fund outperformed at least 93 percent of its peer funds at the end of one, three and five years, Reuters
reported, citing Morningstar data.
The less popular $1.6 billion International Stock Fund and $6.6 billion Income Fund remain open.
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