OppenheimerFunds is planning to launch a new international diversified fund that will invest primarily in other Oppenheimer international funds, the company said in a recent filing with the Securities and Exchange Commission.

The proposed fund-of-funds, the Oppenheimer International Diversified Fund, will seek long-term capital appreciation by investing in a portfolio consisting of an allocation in Class Y shares of other Oppenheimer funds, the Form N-1A filing said. It will emphasize investments that focus on common stocks of foreign companies.

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