Rupert Murdoch’s $5 billion bid to acquire Dow Jones, a 65% premium over the company’s current market cap, sent shares soaring nearly 55%, TheStreet.com reports.

And for those mutual funds holding shares in Dow Jones, the announcement was a real boost. One of the funds that got a shot in the arm was the Aston/Optimum Mid Cap Fund, which has 2.38% of its assets in Dow Jones and which rose 1.92% on Tuesday.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.