London-based fund manager
purchase
exchange traded funds (ETFs). It plans to buy the business, which
manages about $3.5 billion in assets, for an initial payment of $60
million plus up to an additional $170 million in cash based on
management fee performance and other contingent payments.
Amvescap anticipates either a neutral or slightly positive impact on 2006
earnings. The transaction remains subject to shareholder and regulatory
approval.
Last year, almost $1 trillion flooded into money market funds. Here are the 20 that have grown the biggest.
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