Northern Trust Slashes Fund Fees
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Wednesday, November 02, 2011

Northern Trust Slashes Fund Fees

Northern Trust [see profile] fund investors, rejoice!

Starting in January 2012, the fund firm is looking to slash the total annual fund operating expenses for 35 equity, bond, and fixed-income funds, including a 25-basis-point decrease for Northern Large Cap Value and Northern Small Cap Core and a 45-basis-point decrease for Northern Fixed Income, Morningstar reports.

The firm said in a filing that the new fee reductions are expected to continue from implementation until at least December 31, 2012.

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