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Rating:Fido and Federated Chew Up Money-Market Fees Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 02, 2008

Fido and Federated Chew Up Money-Market Fees

by: Erin Kello

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.  

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