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Fund Times

Fund Times: Openings, Closings & Manager Changes

Invesco, Numeric, Fidelity, Harbor, Clipper, and others.

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A Fund by Any Other Name…
"What's in a name?" Mutual fund families scrambled to answer Shakespeare's rhetorical question last week before the Securities and Exchange Commission's deadline for complying with a new rule requiring funds to keep 80% of their assets in securities consistent with their names.

Most funds didn't have to change their monikers or strategies. They simply filed documents amending their prospectuses to reflect the 80% rule or more explicitly defining their investment universes.

Dan Culloton has a position in the following securities mentioned above: CFIMX. Find out about Morningstar’s editorial policies.