Higher fees mean lower returns - and increased risk
Redemption rights resolution gets approval
Fund investors approve fixed rated administration fee, changes to management fees
Prospectus reviews focusing on disclosure of fees and expenses, investment objectives and strategies, and conflicts of interest
Operating expenses will be replaced by fixed-rate administration fees
Fees cut for nine funds
Proposed fee structure would result in lower MERs for the majority of its funds
Calgary-based Mawer Investment Management Ltd. has reduced management fees for Mawer Canadian Bond Fund and Mawer Canadian Money Market Fund. Mawer Canadian Bond Fund Class A’s management fee was dropped to 0.60% from 0.78%; Mawer Canadian Money Market Fund Class A’s management fee was lowered to 0.40% from 0.48%. These changes, the firm says, are […]
Advisors and clients need to be aware of trading costs and implicit costs
Toronto-based IA Clarington Investments Inc. said Thursday that investors of IA Clarington Funds and IA Clarington Target Click Funds have approved a proposal to change the method of charging operating expenses to the funds to a fixed rate administration fee model. “The plan which was approved by investors will provide increased fee predictability and clarity, […]