Cofunds has added switching fees to its services, charging investors a flat 0.25% for moving between...
Cofunds has added switching fees to its services, charging investors a flat 0.25% for moving between funds. This, the group said, is usually a reduction on what investors currently pay when reallocating assets. Switches between funds belonging to the same group have previously been free, but investors switching groups when moving funds faced a full initial charge. The flat fee is intended to level this field in terms of costs. The 0.25% is paid from the proceeds of the encashment of the fund being sold. Cofunds is also reviewing its registration fees, the annual sum fund groups pay ...
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