Artio Emerging Markets Local Debt Fund to liquidate April 19

By Toni Weeks

San Luis Obispo, Calif., March 19 - The board of trustees of Artio Global Investment Funds approved on March 7 a plan to liquidate and terminate the Artio Emerging Markets Local Debt Fund, according to a 497 filing with the Securities and Exchange Commission.

The board considered the fund's small size and lack of growth potential in its decision, the filing said.

The shareholder representing the majority of the fund has already approved the fund's liquidation, so proxies will not be solicited from shareholders, the filing noted. An information statement will be sent to shareholders regarding the liquidation.

The fund will stop accepting purchases and exchanges into the fund on March 22, at which time it will begin to transition the portfolio to cash and cash equivalents. The fund will distribute cash pro rata to all remaining shareholders who have not previously redeemed or exchanged their shares on the April 19 liquidation date.

New York-based Artio Global Management LLC is the investment adviser to the fund.

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