(October 1 – 09:15 ET) – Talvest Fund Management is looking to hike management fees on seven of its funds, although it says that management expense ratios will be kept at current levels.
Talvest says it will ask unitholders for approval of the changes at a November 30 unitholder meeting. Its board has already approved the changes on the Talvest Dividend Fund, Talvest Canadian Asset Allocation Fund, Talvest Global Science and Technology Fund, Talvest Canadian Resource Fund, Talvest China Plus Fund, Talvest Global Small Cap Fund and Talvest Global Equity Fund.
The fund company says the changes will “bring the seven funds in line with those of similar funds – without any anticipated effect on their current MERs.” Yet it has not announced exactly how big the changes will be, nor how they will avoid impacting MERs.
The fee hikes are expected to take effect January 1, 2000, if they are approved.
-IE Staff
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