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Thursday, May 28, 2009
Investment Technology Group to Present at Sandler O'Neill Conference
Comtex
NEW YORK, May 28, 2009 (BUSINESS WIRE) ----Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced that Bob Gasser, Chief Executive Officer, and Howard Naphtali, Chief Financial Officer, will speak at the Sandler O'Neill Global Exchange and Electronic Trading Conference on Thursday, June 4, at 1:30 PM EDT in New York, NY.
The presentation will be webcast live. Listeners can access this broadcast through ITG's website at www.itg.com or at http://www.thomson-webcast.net/us/dispatching/SOP_200906. The conference will also be available via audio conference on Thursday, June 4, by dialing 1-800-638-5439 and using the passcode "Session 1."
About ITG
Investment Technology Group, Inc., is a specialized agency brokerage and financial technology firm that partners with asset managers globally to provide innovative solutions spanning the investment continuum. A leader in electronic trading since launching POSIT in 1987, ITG's integrated approach now includes a range of products from portfolio management and pre-trade analysis to trade execution and post-trade evaluation. Asset managers rely on ITG's independence, experience, and agility to help mitigate risk, improve performance and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe and the Asia Pacific region. For more information on ITG, please visit www.itg.com.
SOURCE: Investment Technology Group, Inc.
ITG J.T. Farley, 212-444-6259
Copyright Business Wire 2009 ********************************************************************** As of Sunday, 05-24-2009 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 12-04-2008 for ITG @ $17.98. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2009 Comtex News Network, Inc. All rights reserved.
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Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.
The entire amount you invest in no-load funds goes to work for your returns. On the other hand, with load funds, right off the bat you're charged commission (not to mention other fees incurred over the life of the investment). Let's say, for example, you invest $25,000 into a load fund that charges a 5% commission. This costs you $1,250 off the top, bringing your actual investment down to only $23,750.
The often-cited horse race analogy argues against investing in load funds. Here's the logic behind it: Would you place a bet on a horse that had to start a race 200 yards behind the others? Well, maybe you would if you got a tip from a sketchy, trench coat-clad man in a dark alley. However, under most circumstances, it's not smart to put your money on that handicapped horse.
But some argue that at times that man in the trench coat (aka your broker) knows more about the horses than you do, and has a better shot at picking a winner. Also, sometimes these fees are unavoidable because some funds are available only through investment advisers.
Cost-benefit analysis can help determine when a load fund is worth it (in other words, when it will score you a load) and when it is better to "do it yourself" and avoid the fees. Load-fund fees range depending on share class and can cover a variety of costs, such as paper work and fund management.
