Several fund firms have gone back and tweaked their short-term redemption fee policies, according to Registered Rep magazine.

Instead of an across-the-board two percent fee on all funds, firms like MFS Investments, Lord Abbett and Gabelli have dropped some redemption fees.

Lord Abbett replaced its two percent redemption fee policy with a new rule that investors that cash out at least $5,000 in funds cannot buy that same fund for the next 30 days.

MFS, meanwhile, revised its policy in early April to impose a one percent short-term trading fees on seven international, small-cap and high-income funds. The trading term was increased from five days to thirty days. On all MFS funds, exchanges are limited to two (of $5,000) per quarter, from three or six (of $10,000) per year.  

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