Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wanger Select > News item |
Wanger Select loses non-diversified status after three years of diversified investments
By Toni Weeks
San Diego, Jan. 24 - Wanger Advisors Trust announced that the Wanger Select will no longer be classified as a non-diversified investment company, effective Jan. 31.
According to a 497 filing with the Securities and Exchange Commission, the fund's investments remained diversified for a period of about three years, resulting in its loss of ability to invest in a non-diversified manner.
The fund is now considered a diversified investment company and, unless it seeks and obtains the approval of shareholders, it will not be able to become a non-diversified investment company within the meaning of Section 5(b) of the Investment Company Act of 1940.
The fund's investment adviser is Chicago-based Columbia Wanger Asset Management, LLC.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.