Denison's legacy: fee changes

Denison's legacy: (con't)

Since the news was released, the other major fund companies have been trying to assess whether they should respond and, if so, how.

No one wants to reduce fees if they can possibly avoid it since those dollars will come right off their bottom line and flow to their investors instead.

Of course, investors would welcome such a gift. But unless the result is to attract more money to the industry, the shareholders of the fund companies would lose out – and could become rather testy as a result.

Thanks to:
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators.
He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters.
© January 2005 Gordon Pape Enterprises Ltd.