Stock trading system – Most of the sales effort of no-load funds is limited to newspaper and periodical advertising.
In a way, the slower growth of these funds is comparable to experience with savings bank life insurance. Like insurance, open-end shares need to be sold; buyers apparently must be persuaded by sales effort and by salesmen. What about the results of no-load funds as compared with the results of open-end investment company shares generally? Some no-load funds have done exceptionally well; others have had mediocre records. To date, evidence does not warrant the conclusion that the performance of no-load funds is inferior to that of other investment companies. On the other hand, except for saving the sales commission, no advantage has been established in the purchase of no-load fund shares.
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