Allianz Global Investors just cut fees on a pair of its mutual funds.
| Elizabeth Corley Allianz Global Investors Global Chief Executive Officer | |
A spokeswoman confirmed that on October 13
Allianz [
profile] committed to a fee drop, including a 15 basis-point management fee drop to 120 bps (and 110 bps for institutional shares), for its three-star, $251.4-million
AllianzGI Emerging Markets Opportunities Fund. And on November 1, Allianz
cut the management fee on the three-star, $11.5-million
AllianzGI NFJ International Small-Cap Value Fund by 10 bps, to 85 bps.
"We regularly review our pricing to ensure that our products remain priced as competitively as possible," Allianz spokeswoman Megan Frank tells
MFWire in an e-mailed statement.
All in, the EM fund fund costs 147 bps annually for A shares (not including the 550 bps maximum front-end load and the 100 bps maximum back-end load), 222 bps for C shares (not including the back-end load), 147 bps for D shares, 112 bps for institutional shares, and 122 bps for P shares. The small-cap fund (complete with the same maximum front-end and back-end loads as the EM fund) costs 130 bps annually for A shares, 205 bps for C shares, 130 bps for D shares, 105 bps for institutional shares, and 115 bps for P shares. 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE