Pembroke Private Wealth Management, manager of the GBC Mutual Funds, announced April 24 that it will be reducing management fees for the GBC Money Market Fund, the GBC Canadian Bond Fund (Class A Units), The GBC Growth and Income Fund and the GBC Canadian Growth Fund.

As of July 1, 2017, management fees will be reduced for the GBC Money Market Fund from 0.50 per cent to 0.10 per cent, for the GBC Canadian Bond Fund (Class A Unit) from 0.75 per cent to 0.65 per cent, for the GBC Growth and Income Fund from 1.40 per cent to 1.30 per cent, and for the GBC Canadian Growth Fund from 1.75 per cent to 1.70 per cent.

In an announcement the company stated, “These reductions are designed to ensure that the funds remain fairly priced.”