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Article: Legg Mason Plans Streamlined Mutual Fund Complex.

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PR Newswire
Article date:
July 12, 2006
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Plan simplifies US product offering and matches products with investment capabilities across Legg Mason's investment management companies

BALTIMORE, July 12 /PRNewswire-FirstCall/ -- Legg Mason announced today that it is proposing to streamline its mutual fund complex, principally by merging certain of its US-domiciled mutual funds as well as liquidating certain funds. Most of the former Smith Barney and Salomon Brothers mutual funds will be re-branded Legg Mason Partners Funds. Selective mergers involving the Legg Mason fund family will also be pursued. This plan will reduce the number of open-ended funds across both families from 166 to 119. Legg Mason is ...

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