Similar fixed-fee proposals have been adopted by unitholders at a number of Canada’s largest mutual fund companies.
Unitholders to vote on fee change for Saxon Funds
New measures include reduced MERs for RBC Target Education Funds
MD Funds Management Inc. plans to change to the way operating expenses are charged to the MD familay funds, the company said Friday.Effective September 30, the company will charge a fixed administrative fee based on a percentage of assets under management. Previously, operating expenses relating to the funds were based on actual costs and allocated […]
Trailer fees will also be proportionately reduced on a temporary basis
Industry awarded top marks for investor protection, prospectuses
In response to historical low short-term interest rates, Mavrix Fund Management Inc. has introduced temporary fee reductions for both of its money market funds, the company said Monday.Thetemporary action is designed to ensure investors receive a reasonable rate of return and will result in a lower management expense ratio. The trailing service fees paid to […]
Ontario HST would compound inequity of GST on investment management services
Temporary reduction will help maintain positive yield
The management expense ratio (MER) for RBC Target 2010 Education Fund was reduced from 1.55% to 1% effective Jan. 1, RBC Asset Management Inc. said Tuesday.The RBC Target Education Funds gradually shift their asset mix from an emphasis on equity funds to drive growth in their early years to fixed income and money market funds […]