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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.
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Thursday, May 15, 2008
Aetna Announces Appearance at 2008 Citi Investment Research Global Healthcare Conference
Comtex
HARTFORD, Conn., May 15, 2008 (BUSINESS WIRE) ----Aetna (NYSE: AET) announced today that Joseph M. Zubretsky, executive vice president & CFO, is scheduled to make a presentation at the 2008 Citi Investment Research Global Healthcare Conference on May 21, 2008, in New York, NY.
Aetna's presentation is scheduled to begin at 10:00 a.m. EDT. Investors, analysts and the general public are invited to listen to this presentation over the Internet via Aetna's Investor Information link at www.aetna.com/investor. To listen to this presentation live on the Internet, visit Aetna's web site prior to the presentation to download and install any necessary audio software. A webcast replay will be available via Aetna's Investor Information link at www.aetna.com/investor, beginning approximately two hours after the event, for 14 days.
Anyone listening to the presentation is encouraged to read Aetna's annual and quarterly reports filed with the Securities and Exchange Commission for a discussion of Aetna's historical results of operations and financial condition. Information reconciling certain financial and other measures that may be disclosed in the presentation to relevant GAAP measures is available in the Aetna first and fourth quarter 2006 Financial Supplements, fourth quarter 2007 Financial Supplement and the first quarter 2008 Financial Supplement, as well as the Guidance Summary dated April 24, 2008, all of which are available via the Aetna Investor Information link.
Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 37.3 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates.
www.aetna.com
SOURCE: Aetna
Aetna Media Contact: Fred Laberge, 860-273-4788 labergear@aetna.com or Investor Contact: Jeff Chaffkin, 860-273-7830 CFA chaffkinj@aetna.com
Copyright Business Wire 2008
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