PEOPLE OVERVIEW. The 2016 Redwood City, California, population is 85,288. There are 4,385 people per square mile (population density).
In addition to paying the portfolio manager's salary, the management fee covers the cost of the investment manager's staff, research, technical equipment, computers, and travel expenses to send analysts to meet corporate management. While fees vary, the average equity mutual fund management fee is about 1.40%.
Mutual funds may charge a redemption fee when you redeem shares. Some charge the fee regardless of when you sell. Other funds limit the redemption fee period to 90 days from the date you purchased the shares. Not all mutual funds charge a redemption fee. The SEC limits this fee to 2 percent, as of 2010.