Charles Schwab Investment Management, the asset management arm of Charles Schwab & Co. said that it is adopting the entire family of U.S. mutual funds from AXA Rosenberg, pending AXA shareholder approval.

Adopting a fund family is different than acquiring it in that the purchaser does not run the fund or funds. The investment management contract changes hands, but the original management firm is kept on board as a sub-advisor.

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