Deutsche DWS Scudder in Midst of Fund Housecleaning, Consolidation.
Deutsche Bank's DWS Scudder is undergoing a
reorganization of its money fund lineup, merging old into new funds, liquidating, and changes fees and policies. Filings say the funds are moving towards a
master-feeder fund structure. MD
Joe Sarbinowski tells us, "
Deutsche had acquired a lot of asset management companies ... and the boards wanted to create opportunities to lower costs for clients by creating larger funds".