Japan Fund Cuts Ties with Scudder, Courts Fidelity
Board of directors hires new advisor in wake of Deutsche Bank acquisition.
The board of the oldest Japan-focused fund in the industry is asking shareholders to approve a plan to wrest control of the offering from longtime investment advisor, Zurich Scudder Investments, and give it to Fidelity Investments' asset-management unit, according to filings with the Securities and Exchange Commission.
Dan Culloton does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.