Sun Life and Ex­cel cut fees

Investment Executive - - FOCUS ON PRODUCTS - Com­piled by Fiona Col­lie (fcol­lie@in­vet­mentex­ec­u­tive.com).

Toronto-based Sun Life Global In­vest­ments (Canada) Inc. and Ex­cel Funds Man­age­ments Inc. are re­duc­ing the fees for sev­eral Ex­cel-branded mu­tual funds. The fee re­duc­tions, ef­fec­tive Feb. 28, in­clude man­age­ment fees, trail­ing com­mis­sions and de­ferred sales charges. These changes are a re­sult of Sun Life’s ac­qui­si­tion of Ex­cel, which was com­pleted in Jan­uary. The man­age­ment fees of both A-class and F-class units of five funds have been re­duced. For ex­am­ple, the man­age­ment fee for A-class units of Ex­cel New In­dia Lead­ers Fund has dropped to 2.05% from 2.50%. As well, the man­age­ment fee for A-class units of Ex­cel Emerg­ing Mar­kets Bal­anced Fund has dropped to 1.90% from 2.15%. Sim­i­larly, the man­age­ment fee for F-class units of Ex­cel In­dia Fund has dropped to 1.05% from 1.50%. And the man­age­ment fee for F-class units of Ex­cel High In­come Fund has dropped to 0.90% from 0.95%. Sun Life and Ex­cel also an­nounced changes to the trail­ing com­mis­sions, sales charges and redemp­tion sched­ule for some funds. For de­tails re­gard­ing these changes, visit sun­life­glob­a­linest­ments.com.

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