The fund fee war continues to climb the ladder to more expensive products.
For example, Cook & Bynum
] has cut the management fee of its pure value Cook & Bynum Fund
by 39 basis points to 149 basis points.
The fund garnered a 5-Star Rating from Morningstar
in August, 2012
based on its risk-adjusted performance among large-blend funds for the three-year period ending June 30, 2012.
The move follows an escalating fee war among ETF providers and indexers. For example, Vanguard
] announced at the end of 2012 that it was cutting
the fees on 47 ETFs.
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