Dec. 3, 2002 — Redemption fees will be added to six Standish Group stock mutual funds in January in an effort to discourage investors from rapidly buying and selling shares.
The 2% fees will be applied to shares bought on or after January 28 that are held less than 90 days, and will be paid directly to the funds. They are aimed at offsetting costs associated with short-term trading, Standish said in a regulatory filing.