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Strategies & Market Trends : Waiting for the big Kahuna
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To: Major Tom who wrote (24062)8/12/1998 1:18:00 PM
From: Joss  Read Replies (1) of 94695
 
Hi MT

I believe that if you check the prospectus of most equity funds, you will see that the situation you are discussing is covered. In the event that your redemption gives the fund a problem ... you get redemption in kind. That means they - send you the stocks - Thus you get brokerage fees on top of what ever damage has been done in the resulting time interval for the transfer.

Steve
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