KLP cuts index fund prices following price stunt by Sbanken

The Norwegian fund industry's reactions were strong when Sbanken cut prices of over 400 funds. Asset management arm of KLP responded with a price cut.
Photo: Norges Bank/PR
Photo: Norges Bank/PR
BY HELLA ANDERSEN

Norwegian internet bank Sbanken has recently cut prices on more than 400 funds to eliminate return commissions. Following negative reactions from several asset managers, the asset management giant KLP is now ready to cut prices on its own platform, arguing its fund prices should be the same on all platforms.

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