First Mutual Fund Family Cuts Management Fees
During a time when Employers, Employees, and Governments are all doing what they can to cut hours, costs, and run a successful enterprise, finally, a Mutual Fund family is following suit.
Putnam Investments made an announcement this week, subject to shareholder approval, that it would lower costs for its mutual funds by:
1) Cutting expense ratios,
2) Implementing performance driven expense ratios, and/or
3) Adjusting pricing breakpoints
Analysts expect a 10-13% price reduction.
Who else will follow suit, and why did it take so long?
Putnam Investments made an announcement this week, subject to shareholder approval, that it would lower costs for its mutual funds by:
1) Cutting expense ratios,
2) Implementing performance driven expense ratios, and/or
3) Adjusting pricing breakpoints
Analysts expect a 10-13% price reduction.
Who else will follow suit, and why did it take so long?
Labels: 401(k), 401k, Employees, Employers, expense ratio, expense ratios, mutual fund, Mutual Funds, Putnam Investments
posted by Spectrum Pension Consultants, Inc. at
4:05 PM
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