Merrill Lynch Plans New Growth Fund
May 17, 1999
Merrill Lynch of New York plans to offer a new growth fund run by a former Delaware Investments portfolio manager. George H. Burwell will run the Merrill Lynch Disciplined Growth Fund, according to a registration statement Merrill Lynch filed with the SEC April 20.
Burwell joined Merrill Lynch this year after seven years as a senior portfolio manager at Delaware Investments of Philadelphia. Disciplined Growth expects to invest primarily in income-producing common stocks which Burwell believes are likely to experience consistent earnings growth. The new fund is similar to the Devon Fund which Burwell managed while at Delaware Investments, Merrill Lynch said.