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Deutsche AM Slashes Mutual Fund Expenses; Fidelity Cuts Expenses on Mutual Funds; Transamerica Debuts Smart Beta ETFs; and more.

By Javier Simon editors@strategic-i.com | August 03, 2017
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Deutsche AM Slashes Mutual Fund Expenses

Deutsche Asset Management (Deutsche AM) has reduced the net expense ratios of its suite of U.S.-domiciled global and emerging markets mutual funds, as well as management fee reductions on certain funds.

Deutsche Emerging Markets Equity Fund – Class I dropped its expense ratio from 1.40 basis points to .90 basis points. The Deutsche Emerging Markets Equity Fund – Class I cut its expense ratio from 1.07 basis points to .87 basis points.

Deutsche notes the expense reductions bring the average net expense ratios of these funds to the lowest cost quartile in their respective Morningstar categories.

“We are committed to bringing Deutsche Asset Management’s international capabilities and unique global perspective to investors in the Americas,” says Brian Binder, president of Deutsche Funds and head of U.S. Product & Fund Administration. “With the European and emerging markets in the early stages of the growth cycle, and many investors overweight in U.S. equities, clients are looking for investment opportunities overseas. Because expense ratios can have a direct impact on performance, we are pleased to introduce these reductions as clients seek to diversify their portfolio across a wider world of international markets.” 

NEXT: Fidelity Cuts Expenses on Mutual Funds