Credit Suisse Asset Management (CSAM) has lowered its total expenses on Credit Suisse Institutional Money Market Fund Portfolio's Class A shares to 10 basis points. CSAM hopes that this move will result in higher yields for the fund's investors, officials said.

As of Aug. 30, the lowering of expenses places the fund's Class A shares in the top 10% of its peer group, according to a Money Fund Report.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.