Word: fee
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FUND FLEE With investors taking financial matters into their own hands, how can a mutual fund keep them from deserting? An increasingly popular tactic, according to Financial Research Corp., is to slap them with a fee for making an early exit. More than 300 stock funds now impose a redemption fee, with most levying a 1% to 2% penalty, for bailing within the first three-to-six months. Invesco just instituted a fee on nine funds. Direct-marketed, no-load funds most often use the fees, but Janus and Strong have largely resisted the trend...
...Usually when companies go public they use an investment bank like Morgan Stanley or Goldman Sachs to help market the stock to big investors. The banks charge a hefty sales commission -- called an underwriter's fee -- for the service, customarily around 7 percent of the total offering price. Instead Salon paid just 5 percent to San Francisco's W. R. Hambrecht. But here's the more important part. The mechanics are complicated, but common sense says that iVillage's offering price was set too cheap if it immediately quadrupled. Even though iVillage's first-day run-up was spectacular, most...
...investment world has been turned upside down: Merrill Lynch, bastion of full-service, full-fee brokerage, is getting into the discount game; Charles Schwab, the original no-frills discounter, now charges some of the highest commissions online and offers a full menu of advice. Meanwhile, major exchanges are moving toward evening hours so day traders have more time to lose their money. This special market for insomniacs will eventually go 24 hours, all but ending the family meal and any shot at a good night's sleep...
Last month, the Radcliffe Union of Students (RUS) convened an "emergency" meeting to make sure that their group, which is funded by an extra term-bill fee imposed on female undergraduates, will survive the end of Radcliffe College...
Zachary W. Norris '99 said an up-front senior event fee included in tuition would help the situation...