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Fund Times

Fund Times: Oppenheimer Real Asset to Reopen

Plus, Fidelity Disciplined Equity manager change and DWS Scudder head steps down.

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Oppenheimer Wednesday announced it had reopened  Oppenheimer Real Asset (QRAAX). The fund had closed because it was having difficulty finding sufficient commodity derivatives.

"Over the last few months, we've seen the regulatory ambiguity surrounding the use of commodity derivatives clear up," said Kevin Baum, portfolio manager for the fund, in a press release. "This has helped to expand the market for these instruments and has allowed us to enhance the fund's structure. These two factors make us confident that we can provide full commodity exposure moving forward."

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.