The move makes sense as the funds are run by the same manager, have identical investment objectives, and substantially similar investment strategies. Voyager concentrates on midsize and large companies, while Growth Opportunities focuses mainly on large ones.
Performance, notes Chris Dieterich, hasn't been identical though, as Voyager has lagged the S&P 500 by a full 600 basis points a year over the past five years, while Growth Opportunities has lagged by just 1.2%.
Voyager has been around forever - Class A shares became available in 1969. The fund has seen better days - assets today of $3.3B stand against $26.2B in 2000.
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