Starting September 26, Van Kampen
will impose redemption fees on 32 of its funds, reports Dow Jones Newswires
Twenty-four domestic equity and fixed-income funds will have short-term trading fees of 2 percent for shares traded within seven days, while eight funds will have 2 percent fees on shares traded within 30 days.
"Van Kampen aggressively discourages market timing in its mutual funds, and as a matter of policy tries to identify, deter and remove investors who may be engaged in market-timing activity," spokesman Chad Peterson told Dow Jones.
Van Kampen, which started imposing redemption fees last year on international funds, will now have redemption fee policies in place for all of its open-ended funds.
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