ndividual investors seeking information on how to buy no-load funds have a new resource. The Mutual Fund Education Alliance added a section to its Investor's Center website
to help investors locate no-load and low-cost mutual funds.
"The MFEA is very committed to helping individual investors learn how to purchase no-load mutual funds and save on costly loads, but there are an increasing number of ways to do that," said Michelle A. Smith
, managing director of the MFEA. "Fund companies distribute funds through many channels and within each channel investors can still benefit from selecting no-load funds. The real decision is about advice-how much do you need and how much do you want to pay for it."
The site explains the five ways investors can typically purchase no-load shares: direct, through an online broker, through an employer-sponsored retirement plan, through a 529 plan or through a fee-based financial advisor.
Stay ahead of the news ... Sign up for our email alerts now