Contrast this with the 0.05% annualized transaction costs (with no front-end load) for our highest rated small-cap growth mutual fund, Virtus Equity Trust: Virtus Small-Cap Core Fund (PKSFX).
Yes, some are banks, but they are banks with large mutual fund (or unit trust) operations.
One way of looking at these is as if they are a unit trust (in English) or a mutual fund (in American).
During the 1920s, the financial industry underwent a great expansion, bringing into the business many inexperienced people and new investment vehicles -- most notably the investment trust, the forerunner of the modern mutual fund.
Another: former mutual fund impresario William Miller, whose Legg Mason Value Trust bet on cheap-looking financial institutions on their way to getting far cheaper.
Richard pointed out one gold mutual fund he likes, Gabelli Global Gold Natural Resources and Income Trust ( GGN) in part because it has a very healthy dividend yield, 8%.
He sells not just funds to bank trust departments but convenience--like back-office software that clears mutual fund trades.
"It makes people not trust that whole system, " says Mr. Koyle, who owns some mutual-fund shares but has most of his money invested in farmland.
WSJ: Abreast of the Market: Stocks Lose Face in Facebook Debacle
Mutual funds also cop a "trust us" attitude with the company proxies they vote on for fund investors.
Quaker Investment Trust: Quaker Strategic Growth Fund (QUAGX) is my worst-rated large-cap growth mutual fund and earns my very dangerous rating.
FORBES: SanDisk Looks Solid Among Holdings Of Large-Cap Growth Funds
Starboard Investment Trust: Roumell Opportunistic Value Fund (RAMVX) is my worst-rated all-cap blend mutual fund and earns my very dangerous rating.
FORBES: Turn Off The TiVo And Get Some Bed, Bath In Your All-Cap Blend Funds
Vanguard Mid-Cap Growth ETF (VOT) is my top-rated mid-cap growth ETF and Wasatch Funds Trust: Wasatch Heritage Growth Fund (WAHGX) is my top-rated mid-cap growth mutual fund.
JPMorgan Trust I: JPMorgan Intrepid Growth Fund (JGIRX) is my top-rated large-cap growth mutual fund and earns my attractive rating.
FORBES: SanDisk Looks Solid Among Holdings Of Large-Cap Growth Funds
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