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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
August 15, 2002 at 08:00 PM
Aug. 13, 2002 — Strong Capital Management Inc. will add redemption fees to four of its international mutual funds in an effort to deter short-term traders.
The 1% fees will apply to shares bought on or after Sept. 1 that are held for less than 15 days. The fees are being added to Strong Asia Pacific Fund (SASPX), Strong Foreign Major Markets Fund (SFMMX), Strong International Stock Fund (STISX) and Strong Overseas Fund (SOVRX).
The fees will be paid directly to the funds, Strong said in a regulatory filing.
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