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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Pat Doucette who wrote (3761)	1/8/1998 4:42:00 AM
From: Bruce A. Bowman	Read Replies (1) of 18928

I think one of the things you may have to check on any index fund is what sort of restrictions they may have on transactions. In order to keep transaction costs low, these funds often limit the number of sells (though they conveniently are willing to take your $$$ as often as you'd like! :-) The logic of that sort of restriction escapes me since index funds are unmanaged, i.e. they don't have to make selections or do any research, just buy or sell (in this case) 30 stocks. Btw, are you sure the fund isn't connected to the new Dow 30 derivatives? Bruce

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