Calvert Plans Large Cap MFs Merger

Calvert is planning to combine two of its large cap growth mutual funds.

Calvert is planning to combine two of its large cap growth mutual funds, MutualFundWire reports. The Calvert Equity Portfolio and the Calvert Large Cap Growth Fund are expected to be merged. The Equity Portfolio has about $1.8 billion in assets under management, while the Growth Fund has about $653.4 million. The portfolio managers of Calvert Equity, including Richard England, William Hackney and Paul Marshall, will now manage the growth fund.

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