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 […]
Investors should examine transaction and management costs carefully
Even in a low-return environment, some of these funds manage to shine
National Bank Securities Inc., manager of National Bank Mutual Funds, today announced that it is reducing the management fees on the investor and advisor series of the National Bank Global Bond Fund to 1.50% from 1.75%, effective immediately.The manager says the lower management fees on the fund will also have a positive impact on the […]