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Article: Wells Fargo Advantage Funds(SM) Add No-Load Share Classes to Target Date Funds.
- Article from:
- PR Newswire
- Article date:
- January 31, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO, Jan. 31 /PRNewswire-FirstCall/ -- Wells Fargo Funds Management, LLC, today announced the addition of a no-load share class to its entire target date fund lineup. In conjunction with the introduction of the new share class, the existing Class A, B, and C shares will close to new investors. Existing A, B, and C shareholders may continue to make subsequent purchases into these share classes of the Target Date Funds.
"We have introduced the no-load share class with the goal of assisting the do-it-yourself investor who is seeking a long-term asset allocation retirement solution," said Andrew Owen, head of Wells Fargo Fund Management's Investment Review ...