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Fund Times

Fund Times: Openings, Closings, & Manager Changes

Fidelity, Kobrick, American Century, Franklin, Barclays.

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Fidelity expands its already-vast product lineup, the Mutual Series funds announce a series of manager changes, Fred Kobrick's fund operation is folding, the revolving managerial door keeps spinning at RS Funds, and Franklin reopens its already-huge Small Cap Growth Fund.

Fidelity plans to launch four new funds that will operate with tightly defined investment-style characteristics. The Boston fund giant filed with the Securities and Exchange Commission to offer four more actively managed funds: Structured Large Cap Value, Structured Midcap Value, Structured Large Cap Growth, and Structured Midcap Growth. It appears that these funds will commence operations in September, with expense ratios that are capped at 1.2%.

Scott Cooley does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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