(NAMC) - Forward Management, LLC, investment advisor to the Forward Funds made an announcement on Thursday that they have eliminated redemption fees for all share classes for all of the Forward Funds.
According to the company redemption fees were one of a number of tools which were originally put in place to discourage short-term or excessive trading. After ongoing review of redemption fee policies, Forward determined they were difficult to administer equitably.
They added that Forward Funds will continue to monitor fund activity on a daily basis for any sort of suspicious activity, and in cases where there appears to be inappropriate activity, shareholders may be requested to stop such trading activities or further trades may be refused.
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