This effectively precludes front-end load funds unless the initial investment is large enough to eliminate the load.
FORBES: Put Intermediate Muni Funds In Your Portfolio's Rotation
In other words, by reducing the principal investment, front-end charges permanently impair the future returns to investors.
FORBES: This Fund Is For You If You Love Paying Fees
Assuming a three-year holding period (the average length of investment in mutual funds), this front-end load is costing investors 2.1% per year.
Front-loaded funds put less money to work right away because of a front-end commission of 8% or so, but if the fund is well managed, it is a better investment than a no-load fund that underperforms.
FORBES: Watch Your Assets
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