Dodge & Cox Funds Reopen

Dodge & Cox is the latest fund family to reopen some of its most popular mutual funds to new investors in an attempt to “better balance subscription and redemption activity.” Beginning February 4, new investors can get into the Dodge & Cox Stock (DODGX) and Dodge & Cox Balanced (DODBX) funds. Both funds were closed to new investors in 2004, but the San Francisco-based money managers said in a statement that cash flows into the two funds had “generally remained positive through mid-2007 as existing shareholders added to their accounts.” From that time, however, the volatile markets “created what we believe to be many interesting long-term equity and fixed income opportunities.