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

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

Rating:FirstHand To Institute Redemption Fees Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, May 1, 2000

FirstHand To Institute Redemption Fees

Reported by Jason Shank

Beginning on July 1, 2000, new investors in all five of San Jose's FirstHand Funds will pay a 2% redemption fee for shares redeemed within the first three months.
Related Links
 FirstHand Funds
On InvestmentWires
 Tech Titans Say No Bubble
Feb 11 2000
 Firsthand Co-Founder to Leave Firm
Jul 15 1999
 Valley Tech Fund Seeks Risk Takers
Apr 6 1999
Shareholders of The Communications Fund and The e-Commerce Fund who redeem funds within the first three months after purchase currently pay the fee.

As with most fund companies, the stated goal of the fees is to "minimize the impact of short-term trading on mutual funds and to protect the interests of long-term investors," in other words, discourage market timers from bouncing in and out of hot funds.

 

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

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use