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Coronation is concerned about retirees. Image: Moneyweb
Active fund manager Coronation Fund Managers will be cutting fees for two of its funds which are focused on retirees. Fees on its Balanced Defensive and Capital Plus funds will be reduced 10 basis points from 0.85% to 0.75% with effect from April 1.
These cuts were accompanied by a 12-month fee holiday for its Strategic Income fund, which would see the fee it charges its customers drop from 0.45% to 0.35%.
Pieter Koekemoer, head of personal investments at Coronation, says the fee cuts were driven by many of its customers switching from its multi-asset funds to income funds. ....

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