Numerous mutual fund firms are backing away from B shares or abandoning them altogether. Fundsters interested in this trend may want to take a look at Larry Light's Saturday article on the subject in the Wall Street Journal
. Light argues
that the share class utilizing back-end loads is in decline because broker-dealers and mutual fund firms alike both don't want to sell them anymore. He blames fallen asset prices (meaning lower back-end loads for brokers and fund firms), among other things.
, director of fixed-income research at Morningstar
, and Adam Bold
, found of the Mutual Fund Store
, both offer their thoughts on the subject to the WSJ.
Fund firms that have decided to eliminate B shares altogether include: Capital Group
's American Funds
(Wachovia's asset management arm, now part of Wells Fargo); Goldman Sachs
; and Pimco
. First American
have also made moves away from B shares.
Neil Anderson, Managing Editor
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