Dec. 17, 2002 — Genl Electric (GE) plans to eliminate three retail mutual funds because they have failed to attract investments.
The company’s GE Asset Management unit will liquidate GE Funds:High Yield Fund/A (GEHAX), GE Funds:S&P 500 Index Fund (GESPX), and GE Funds:Europe Equity Fund/A (GEUAX). The offerings have combined assets of about $58 million, a spokesman for the unit said.