Forward Management said today that it will lower the minimum investments on its four products from $2,500 to $100.
In making the drastic switch, the company says it is trying to appeal to smaller investors who may be getting left behind as other companies raise their minimums.
"Mutual fund were designed to provide more investors with easy access to financial markets, and our mission is to help small investors," said Alan Reid, the companys president. "When some mutual fund families turn them away, we will be there for them."
The firm provides a family of four products: a small-cap, equity, international and Real Estate fund. Forward oversees about $170 million in assets.