J. & W. Seligman & Co. has reduces the fees on its TargetHorizon ETF Portfolios. Fund expenses will now range from 0.98% to 1.73%, while the underlying ETFs will sport fees of 0.20% to 0.26%.
"Seligman TargetHorizon ETF Portfolios provide cost-effective diversification, risk-management, and convenience by packaging a strategic mix of ETFs in traditional mutual funds," explained Charles Kadlec, managing director of J. & W. Seligman, president of Seligman Advisors and co-portfolio manager of the funds. "The fee reduction makes these funds even more beneficial to the wide array of investors who have embraced them, from retirement plan participants who want ease and simplicity to individual investors employing sophisticated core and satellite strategies," he added.