Norwegian banking group adjusts fee model for investment funds

Sparebank 1 SR-Bank is phasing out kickbacks and introducing a new fee model. As a result, the price of some index funds jumps 150 by percent

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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 reports that in some cases, the price jump will be equivalent to 150 percent.

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