Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Van Kampen: Times Are a Changing Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 28, 2004

Van Kampen: Times Are a Changing

by: Theresa Sim

Van Kampen's fund board directors have been busy for the past few months. Their most recent actions include the proposed reorganizations of two funds, a move that shareholders will vote on in September.

Winds of Change
Fund Change Date Effective
High Yield Fund Fold into High Income Corporate Bond Fund, rename High Yield Fund Shareholder vote, 9/04
International Magnum Fund Fold into International Advantage Fund Shareholder vote, 9/04
International Advantage Fund Management addition: Sandra Yeager 6-Jul
Limited Maturity Government Fund Broadened investment policy 6-Jul
Mid Cap Growth Fund Management change: Dennis Lynch, David Cohen and Sam Chainani 30-Jun
Equity Growth Fund Management change: Dennis Lynch, David Cohen and Sam Chainani 30-Jun
Focus Equity Fund Management change: Dennis Lynch, David Cohen and Sam Chainani 30-Jun
Pace Fund Management change: Dennis Lynch, David Cohen and Sam Chainani 30-Jun
Growth Fund Name change to Mid Cap Growth Fund 25-Jun
European Value Equity Fund Liquidated 18-Jun
Value Fund Folded into Comstock Fund 21-May
Source: Van Kampen website
The fund reorganizations, which were approved by each fund's board in July, are par for the course with the slew of changes that the fund boards have approved. Name changes, investment policy changes, fund reorganizations and manager swaps are among the tools the directors have used to tweak the Van Kampen lineup.

A company spokesperson did not immediately return a call seeking comment.

In September, shareholders will vote to reorganize the International Magnum Fund into the International Advantage Fund, and the High Yield Fund into the High Income Corporate Bond fund. If the latter is approved, the new fund will be renamed the High Yield Fund.

Sandra Yeager, a managing director at Van Kampen, will join the management of the International Advantage Fund.

The fund firm broadened the investment objective of its Limited Maturity Government Fund on July 6.

Effective June 30, Van Kampen announced a manager swap for four growth funds. Managers William Auslander and Jeffrey Alvino, who left the firm, were replaced by three new managers on Van Kampen's Mid Cap Growth Fund, the Growth Fund, the Focus Equity Fund and the Pace Fund.

Dennis Lynch, David Cohen and Sam Chainani, Van Kampen's U.S. Growth team, will manage the funds.

A few days earlier, the name of the Growth Fund was changed to the Mid Cap Growth Fund.

On June 18, Van Kampen liquidated its European Value Equity Fund, which was closed on June 1.

Officials stated that "region-specific offerings…have not garnered significant inflows from the investing public. Because a variety of fund expenses were allocated over a relatively small asset base, Van Kampen European Value Equity Fund could not enjoy optimal economies of scale."

"Rigorous evaluation of our product line is, therefore, a vital part of our management process as we continue to seek ways to become more efficient and competitive," officials stated on press releases announcing some of the changes. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use