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, January 9, 2013 A 5-Star Fund Cuts Its Fee The fund fee war continues to climb the ladder to more expensive products. For example, Cook & Bynum [profile] 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 [profile] announced at the end of 2012 that it was cutting the fees on 47 ETFs. Printed from: MFWire.com/story.asp?s=42622 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |