Credit Suisse Asset Management
will quietly bring load shares into its family of funds, according to Jim McCaughan
, chief executive officer of CSAM-Americas.
"Our mutual fund business is historically no load," said McCaughan, explaining the necessity in rewarding the advisor. "The reality is that financial advisors are taking more and more of the market."
No load funds will be kept for its utility in wrap products. CSAM has global assets under management of more than $300 billion.
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