Legg Mason is planning to merge two of its funds, MutualFundWire reports. The U.S. asset manager is seeking to merge its Legg Mason ClearBridge Diversified Large Cap Growth Fund with the Legg Mason Clearbridge Appreciation Fund.
The diversified growth fund has around $95.27 million in assets, while the appreciation fund has $4.45 billion in management. The Maryland-based firm expects to combine the funds on June 24 pending shareholder approval.
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