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Rating:Another Fund Firm Hikes Fees Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, March 31, 2009

Another Fund Firm Hikes Fees

Reported by Armie Margaret Lee

American Beacon is raising its shareholder service fees for the Investor class shares of its Funds starting April 1. The funds' board of trustees approved an increase from 25 basis points to 37.5 bps "to meet the needs of rising costs," according to a company statement.

The management fee remains the same. 

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