North Growth Management lowers feesBy The IJ Staff | July 03 2017 09:45AM
North Growth Management lowered its all-inclusive management fees on July 1.
The company lowered all its prospectus qualified funds, the North Growth U.S. Equity Advisor Fund's all-inclusive management fee for Series D and F units, and the all-inclusive management fee for the North Growth Canadian Equity Fund Series D and F units, from 0.90 per cent to 0.70 per cent.
Trailing commissions for Series D units of both the North Growth U.S. Equity Advisor Fund and the North Growth Canadian Equity Fund will remain at 0.30 per cent, while the combined total fund level expenses on Series D for both funds will decrease from 1.20 per cent to 1.00 per cent.
"With Series D fund expenses and our direct business fees the same, the playing field is level for new and established investors alike," said Rory North, CEO and lead portfolio manager, North Growth Management.