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 |
|
Thursday, July 22, 2010 Old Mutual Cuts a Fee Denver-based Old Mutual Capital is reducing the advisory fee it collects on the $82 million Old Mutual Analytic Fund (ANDEX) to 85 basis points from 95 bps on August 1. The move follows Old Mutual's June decision to levy a $12 annual fee on accounts with fewer than $1,000. Old Mutual affiliate Analytic Investors subadvises the fund. [SEC filing] Old Mutual will also cap the annual expenses on the fund at 155 bps for class A shares and 230 bps for class C shares and 125 bps for institutional class shares. It will also consider further reductions to these limits on an annual basis. The fund carries a one-star rating by Morningstar, which lists its expense ratio at 207 bps. The fund had been known as Old Mutual Analytic Defensive Equity Fund. Printed from: MFWire.com/story.asp?s=32897 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |