For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products November 27, 2006
Legg Mason Offers 'R' Shares for Mutual Funds
November 27, 2006 (PLANSPONSOR.com) - Legg Mason has
announced it will offer "R" shares for 11 of its
mutual funds, effective December 1, 2006.
Reported by Fred Schneyer
According to a news release the move means investors in small- to mid-sized retirement plans will have the opportunity to invest in the funds. Legg Mason said in the announcement it already offers share-class pricing options targeted at medium- sized to large retirement plans, as well as micro-market plans.
According to the announcement, R shares will be offered for the following funds:
- Legg Mason Value Trust,
- Legg MasonOpportunity Trust,
- Legg Mason Growth Trust,
- Legg Mason Special Investment Trust,
- Legg Mason International Equity Trust,
- Legg Mason Partners Aggressive Growth Fund,
- Legg Mason Partners Large Cap Growth Fund,
- Legg Mason Partners Appreciation Fund,
- Legg Mason Small Cap Growth Fund,
- Legg Mason Partners Core Plus Bond Fund, and
- Legg Mason Partners Core Bond Fund.
You Might Also Like:
Retirement Industry People Moves
Voya Adds Two New MEP Roles; Congruent Creates Chief Revenue Officer Role; PCS Hires Kirtland to lead business development; and...
Amended Lawsuit Targets Hess Corp.
The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts...
Mutual Funds See First Net Inflows in More Than 2 Years
Despite net inflows to mutual funds in February, reversing the long-term trend of outflows is unlikely, according to analysts.