Fidelity and
Federated Investments have joined two other fund companies in waiving some fees on money-market funds in order to boost sagging returns.
Bloomberg reports that Fidelity has reimbursed fees on institutional Class B and C shares of its Cash Management Fund: Treasury Fund-Advisor. Federated also suspended fees on some of its money-funds that buy T-bills for a week in March. Companies that have also undertaken this strategy are
Evergreen and
Dreyfus.
 
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