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Article: Wells Fargo Introduces New Select Class Money Market Shares.
- Article from:
- PR Newswire
- Article date:
- July 9, 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, July 9 /PRNewswire-FirstCall/ -- Wells Fargo Funds Management, LLC, one of the 15th largest providers of money market mutual funds and the nation's 18th-largest mutual fund firm has launched a new Select share class of its Wells Fargo Advantage Heritage Money Market Fund(SM) and Wells Fargo Advantage Cash Investment Money Market Fund.
The Select Class shares are offered to institutional investors who make an initial money market investment of $50 million or more. In return for their investment, the Select Class shares charge a net expense ratio of 0.13%.
"We believe these new lower-priced Select Class shares should appeal to large ...