MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, June 9, 2009 First American Jettisons B Shares in Five of its Funds First American Funds is scrapping B shares in five of its funds. The change affects the Minneapolis-based fund firm's Small Cap Value, International Select, Small Cap Index, Mid Cap Index and Large Cap Select funds, according to a notice posted on the First American Web site. The conversion from Class B to Class A shares will take place on June 29. A First American spokesperson was not immediately available for comment on the change. Fund firms have been stepping away from B shares, with American Funds (see The MFWire, 04/03/09) and Evergreen Investments, now part of Wells Fargo, (see The MFWire, 04/30/09), being among the more recent ones that have decided to stop selling such shares. Printed from: MFWire.com/story.asp?s=21758 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |