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 |
|
Friday, August 19, 2011 Praxis Widens its Institutional Net Investors looking for an institutional discount on the Praxis Funds will now have it ten times easier. This week the Goshen, Indiana-based mutual fund family cut the investment minimums on institutional shares for its seven non-asset allocation funds from $1 million to $100,000 [see filing]. The funds, which hold $709.9 million in total, also offer retail A shares. Dave Gautsche -- president of the funds and senior vice president of products and services at the funds' faith-based investment advisor, Everence (previously called MMA and Mennonite Financial) -- told MFWire.com that "$1 million is a pretty high hurdle." "We're just trying to be more accessible to more people, to attract more assets," Gautsche said. Printed from: MFWire.com/story.asp?s=37625 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |