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 |
|
Monday, May 22, 2000 Strong to Abandon 12b-1 Plan TheStreet.com reports that Strong Funds has filed papers with the SEC to abandon plans to implement a 25 basis point
The Menomonee Falls, Wisconsin company had previously concentrated its efforts on the direct sales channel, but on March 2 had said that it would be distributing 12 of its funds through brokers, compensating them with the 12b-1 fees. The Street.com further reports that a Strong spokesperson said the company is working on an alternative strategy to compensate advisors and that this plan would be revealed in the next six months. Printed from: MFWire.com/story.asp?s=25690 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |
