Dynamic Funds Thursday announced broad-based fee reductions across 41 of its funds, including 69 fee-based fund series.
Management fees for fee-based fund series will be lowered by between five to 25 basis points, effective June 16.
“At Dynamic, we believe we can provide real value to advisors and their clients by introducing these management fee reductions, especially when coupled with our legitimately active approach to investing,” said Jordy Chilcott, president & CEO, Dynamic Funds.
“Attractively priced investment solutions will help advisors demonstrate their value to clients in a changing regulatory environment that is underpinned by fee transparency and accountability,” he added.
“Dynamic is devoted to being the premier provider in the fee-based and discretionary portfolio manager channel. We first introduced lower fee-based pricing as part of our Altitude Investment Programme and most recently through our Dynamic Private Investment Pools lineup, and have now extended this pricing advantage across our overall fee-based product platform,” said Mark Brisley, managing director, Dynamic Funds.
In addition, among the funds affected, 13 traditionally priced series will have their management fees lowered. This will impact a variety of Dynamic funds including several equity, fixed income, and balanced mandates.
For a complete listing of the affected funds and their respective fee reduction, please visit dynamic.ca/fees.
Dynamic Funds is managed by 1832 Asset Management L.P., which is a limited partnership, the general partner of which is wholly owned by Bank of Nova Scotia.