Toledo-based Harbor Fund said yesterday its Harbor Global Equity Fund will liquidate at the close of business July 31. Harbor said shareholders may exchange their shares for other Harbor mutual funds before the closing date or redeem shares.
The fund, which began in early 2001 and had assets of $4.1 million at the end of May, did not attract enough investment, David Van Hooser, chief executive officer of Harbor Capital Advisors Inc., Toledo-based Harbor Fund in a statement. Harbor, with total assets of $12.5 billion, has 13 mutual funds, including the one it plans to close.
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