American Century is wooing advisors by dropping the redemption gee on its Tax-Managed Value Fund. The fee had been levied against shares redeemed less than one year from purchase. The fund firm said that it dropped the fee last month.

"Removing the redemption fee creates a more intermediary-friendly product," said Brian Jeter, senior vice president, Third Party Marketing for American Century. "It gives investment professionals more flexibility to offer the Tax-Managed Value Fund when developing financial plans."  

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