Sparebank 1 SR-Bank is following the lead of several other fund market players on the Norwegian market and dropping kickbacks. Instead, a new 0.4 percent fee will be introduced for equity funds, including actively managed and index funds.
The new pricing model has meant that many actively managed funds will become cheaper, but several index funds will become significantly more expensive. Norwegian media E24.no reports that in some cases, the price jump will be equivalent to 150 percent.
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