Tessie Sanci
Toronto-based NEI Investments announced on Tuesday that it’s reducing fees on 25 mutual funds.
The management expense ratios for the funds in question have been reduced between five to 40 basis points, but there will be no changes made to the fixed administration fee, according to an announcement by the company, which is a division of Northwest and Ethical Investments LP. The new changes came into effect on Oct. 1.
The full list of funds that have had their fees reduced is available through the firm’s announcement.
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