Mackenzie Financial Corp. and mutual fund dealer Quadrus Investment Services Ltd. on Wednesday announced reduced fees to several mutual funds within the Quadrus Group of Funds mutual fund suite.
“These reductions are in response to market trends and ongoing efforts to find efficiencies to benefit our clients,” the companies say in a news release.
Funds across multiple series experienced fee reductions between 0.05% and 0.30%
Today’s reductions arrive on top of last year’s introduction of a fee rebate program for clients with consolidated assets of $100,000 in Quadrus Group of Funds. As clients continue to grow their assets, fees decrease again when they reach $500,000 of consolidated assets.
A complete list of the affected funds is available in the companies’ news release.