MERs lowered at Mawer

Calgary-based Mawer Investment Management Ltd. has reduced management fees for Mawer Canadian Bond Fund and Mawer Canadian Money Market Fund. Mawer Canadian Bond Fund Class A’s management fee was dropped to 0.60% from 0.78%; Mawer Canadian Money Market Fund Class A’s management fee was lowered to 0.40% from 0.48%. These changes, the firm says, are consistent with Mawer’s objective of having competitive fees.

(cohara@investmentexecutive.com).