In general, investors in mid-sized fund companies pay lower shareholder-servicing expenses than those in large fund complexes, according to a new study by Lipper.

"[Larger fund groups’] shareholders demand a broad range of services such as 24-hour and wireless access that require constant technology and service innovations, Jeff Keil, VP of Lipper’s Board Analysis Services Group said in a statement. "A large financial commitment is required to deliver cutting-edge service."

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