Norrep introduces a new pricing model in Canada

New share class charges a fixed dollar amount, rather than a percentage of assets.

Jeffrey Bunce, CFA 29 September, 2017 | 5:00PM

 

 

Jeffrey Bunce: Norrep Capital Management, a small Calgary-based asset manager, recently announced the launch of a new share class for three of its mutual funds. This class, available to advisors and investors using a fee-based account, is unique in that it charges a flat management fee of $1000 plus expenses and taxes per fund, per account. Norrep states this type of management fee is a first of its kind in Canada.

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About Author

Jeffrey Bunce, CFA

Jeffrey Bunce, CFA  Jeffrey Bunce, CFA, is a senior investment analyst for Morningstar’s Investment Management group.

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