The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:NYTimes Serves Fund Alphabet Soup Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, January 21, 2008

NYTimes Serves Fund Alphabet Soup

by: Sean Hanna, Editor in Chief

New York Times reporter Gretchen Morgenson takes a break from muckraking to untangle mutual fund share classes for her readers.

After failing to make sense of fund prospectuses, she points potential fund investors Finra's Web site for its "nifty" mutual fund expense analyzer (Finra was still known as the NASD at this time last year). The tool allows cross-fund and share class expense analysis.

The Finra tool also helps Morgenson come to the realization that no share class is the right one for everyone. She finds that A shares are in many cases more expensive to hold than C shares or the much-maligned B share. Ultimately she finds C shares to be cheapest most, but not all, of the time.

To compare numbers Morgenson looks at a variety of funds, including: Alliance Bernstein International Value, Davis New York Venture, Lord Abbett All Value, Franklin Large Cap Value and Mb>Columbia Acorn International.

The article also digs out some stats that may be of interest to fund marketers. She cites the ICI's stat that 73 percent of sales went into no-load funds in 2006 and that $37 billion of net flows went to load funds. Excluding retirement plan sales, 80 percent of fund buyers went through an advisor or broker. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use