Changes simplify pricing across the company’s mutual fund lineup
Bridgehouse announces planned series re-designations
The MER may be lowered by as much as 0.53 percentage points, with the average MER reduction at about 0.17 percentage points, depending on the series of funds
The firm has added series F to several funds and has cut management fees by up to 45 bps
CRM2 has led to more questions from clients about MERs, so IFIC members would like to see this disclosed as part of an initiative the group calls CRM3
The changes are expected to kick in April 3 and management fees will be reduced by 35%
Administration and management fees as well as trailing commissions are being reduced while five portfolios are being renamed
The firm will also be lowering fees between 0.25 bps and 8.6 bps on several funds, even if proposed mergers fail to gain approval
Discounts under CI Preferred Pricing and CI Private Wealth are expected to take effect in May for investors with a minimum account threshold
The management fees on 26 mutual funds were reduced by up to 25 basis points while the administrative fees on two mutual funds have also been lowered