Company streamlines mutual fund lineup
Changes take effect Oct. 1
The firm will reduce management fees from 5-55 bps on the 33 mutual funds and reduce the minimum requirement for the CI preferred pricing program
The two dealers will pay slightly less than $11 million to resolve allegations that clients paid excess fees
New portfolio managers for two mutual funds
The mutual fund company is capping, reducing the management fees of and consolidating and renaming certain fee-based series
Names changes announced for four funds
The changes affect administrative and management fees, as well as risk ratings
Fees for certain series of NBI funds and Meritage Portfolios will be reduced
Lower fees or risks ratings for three Franklin LibertyShares ETFs