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I have seen it happen...
Kenster1
08-08-2007, 10:11 AM | Post #2423150
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...but normally there is some type of notification about it. The company should've sent an email to everyone. If not, then unfortunately the employees have to stumble across the news on the company intranet website or bulletin of some sorts.
For example, our company had Fidelity Magellan for the longest of time but a few years ago due to underperformance got rid of it and migrated everyone to a different fund.
Our company did the same thing with the Ariel Fund (ARGFX)-- I thought it was a decent smallcap contrarian value fund but the company decided to move on and got rid of ARGFX and moved everyone to a different SCV fund - which also happened to be bloated.
However, there were notices about the changes -- but whether or not employees bothered to notice the announcement is another story.
Originally posted in thread: 15762
Topics
ARGFX
Ariel
contrarian
Fidelity Magellan
funds
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