MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 2, 2008 Fido and Federated Chew Up Money-Market Fees 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. Printed from: MFWire.com/story.asp?s=17855 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |