From: utzoo!decvax!cca!ima!johnl
Newsgroups: net.invest
Title: Load vs. no load funds
Article-I.D.: ima.259
Posted: Tue Dec  7 16:49:00 1982
Received: Thu Dec  9 02:32:38 1982

Load funds generally do no better than no-load funds.  There are a few
notable winners in each category (Templeton Growth Fund is a famous
long-term success and is a load fund) but they each have to do with the
specific fund's management.

As far as I can tell, the main reason that people buy load funds is that
the load is used to pay salesmen (excuse me, I mean stock brokers) who
actively sell them.  No-load funds tend to be promoted by newpaper and
magazine ads backed up by 800 numbers.  Draw your own conclusions.

Cynically,

John Levine, decvax!yale-co!jrl, ucbvax!cbosgd!ima!johnl, Levine@YALE (arpa).


--------