Evergreen Investments, the mutual fund unit of Wachovia Corp., said Tuesday that it plans a strategy change to accompany the renaming of its Evergreen Global Leaders Fund as Evergreen Global Large Cap Equity Fund on Nov. 1.
The fund's managers are to shift from a sleeved approach, with separate managers dedicated to each of the international and domestic sleeves of the portfolio, to a team approach, with Evergreen's global structured products team, led by William Zieff, using one investment philosophy for security selection.
The fund has about $171 million under management.
Evergreen also said it had renamed, without a strategy change, its $850 million-asset Evergreen High Income Municipal Bond Fund as Evergreen Strategic Municipal Bond Fund. The change took effect Oct. 1.
