Industrywide 'Cost Pressures' Prompt Firm to Cap Fees

In an effort to improve cash flows and net revenues, registered investment advisory firm U.S. Global Investors will cap and restructure fees on a handful of the mutual funds it manages.

The firm will cap the expense ratio for the All American Equity Fund at 1.5%, according to a statement released by the company. In addition, the Tax Free and Near-Term Tax Free funds will be capped at 0.7% through June 30 of next year.

Global Investors' CFO, Bobby Duncan, said 'cost pressures' industry wide have prompted the company to reevaluate its expense ratios, marketing distribution and mix of products.

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