Dreyfus Corp., Mellon Bank Corp.'s $120 billion New York mutual fund arm, said it is selling a mutual fund through third-party channels to increase distribution.
The Dreyfus Technology Growth Fund will now be available through financial advisers, broker-dealers, and other third parties. The change took effect April 15, a Dreyfus spokeswoman said.
The portfolio, renamed the Dreyfus Premier Technology Fund, joins 50 other funds in the so-called Premier group.
The fund has been around since 1997 and has $325 million under management.
Its strategy is to seek capital appreciation through investment in growth companies of various sizes. Companies covered by the portfolio include those making a range of technological products, including computer software and hardware.
Investors can still buy the fund without a sales load.