Lower management fee for the KD MM, Money Market – EUR subfund as of 1 January 2015
The KD Funds management company has reduced the management fee of its KD MM, Money Market – EUR subfund as of 1 January 2015. As a result, the fee now stands at 0.25% of the subfund's average annual net asset value and remains applicable until further notice.
The KD MM money market fund is an alternative to bank deposits, entailing investments in deposits of the best and safest banks as well as money market instruments. If you are looking for security and liquidity but are dissatisfied with the interest given on bank deposits, a money market fund is the right choice for you.