MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, June 2, 2009 DWS Cuts Fees and Break Points DWS is cutting sales charges and break points on some of their mutual funds, with hopes of encouraging investors to re-enter the market. Beginning this month, DWS will lower front end loads for Class A shares on 12 bond funds and lower its price break point from $1 million to $250,000. All funds will eliminate loads completely on investments above $250,000. DWS previously charged between 2-6 percent on investments of $250,000 to $1 million. For investments lower than $100,000, DWS will lower loads from 4.5 percent to 2.75 percent. The load on investments between $100,00 and $249,00 will drop from 3.5 percent to 2.5 percent. Financial advisors will also be affected by these changes, taking a drop in fees on large orders from .85 percent to .5 percent. These changes may reflect a new reality in the markets, as it becomes more difficult to convince a client to pay a large sales charge for these mutual funds. DWS managing director George Beck comments, "There is a massive amount of money sitting on the sidelines. We need to create some added incentives, or at least fewer barriers to re-entry, if we're going to draw people back into the markets." Printed from: MFWire.com/story.asp?s=21685 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |