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.
Stay ahead of the news ... Sign up for our email alerts now