Dynamic Reduces Fund FeesBy Andrew Rickard | May 19 2015 10:45AM
Dynamic is cutting management fees on 41 of its mutual funds. The changes will be effective June 16 and will apply to a number of equity, fixed income, and balanced mandates.
The deepest discount, a one quarter percent fee reduction, will occur in various series of the following eight funds:
- Dynamic Emerging Markets Class
- Dynamic Global Discovery Class
- Dynamic Global Discovery Fund
- Dynamic Power Small Cap Fund
- Dynamic Precious Metals Fund
- Dynamic Small Business Fund
- Dynamic Financial Services Fund
Another seven funds will have their fees lowered by 0.15%, while the remaining will see a decline of 0.10% or 0.5%. Dynamic has posted a detailed listing of the affected funds and their respective fee reductions at dynamic.ca/fees
"At Dynamic, we believe we can provide real value to advisors and their clients by introducing these management fee reductions, especially when coupled with our legitimately active approach to investing," comments Dynamic Fund’s President and CEO Jordy Chilcott. "Attractively priced investment solutions will help advisors demonstrate their value to clients in a changing regulatory environment that is underpinned by fee transparency and accountability."