Toronto-based Arrow Capital Management Inc. is lowering the management fee on one of its funds, the investment manager announced Thursday.
The management fee for Exemplar Growth and Income Fund will be reduced by 20 basis points, effective Oct. 1.
“We continually review our line-up to ensure our investors have access to products that are competitively priced. Investors have the opportunity to access our actively managed Exemplar Growth and Income Fund and the expertise of our portfolio management team at a lower cost,” Mark Purdy, Arrow’s managing director and chief investment officer, says in a statement.
The fund aims to deliver a balance of growth and income, the firm says. It makes strategic shifts in asset class based on where opportunities exist while focusing on capital preservation in times of market turmoil.