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, […]
The changes are the result of enhancements to the Altitude Investment Programme
Proposed changes to operating expense charges will result in lower MERs
When the external fee-for-service charge is taken into account, U.S. fund fees are roughly equal to those of Canadian funds
Study finds external advisor fee boosts true cost of ownership of mutual funds
Most investors still don’t know the basic cost of holding their funds
MERs will be capped at 100 basis points below advisor servies funds