No-Load Funds Buck Trend In Mutual Fund Sales
No-load mutual funds, which bypass brokers and sales charges, have posted stronger net inflows and higher relative performance as compared with load-bearing funds. In early 1960s industry data, no-load groups saw net inflows outpacing redemptions, aided by direct advertising and sales to investors, while brokers resisted commissionless deals. Rowe Price and others report sustained shareholder loyalty and better long term investor mood despite mixed performance rankings across funds.
MENTIONED IN THIS ARTICLE
Senora Nnual
Joad
Aicsman
Trone Price and Associates, Inc
Rowe Price
Wiliam B. Thompson
Proxmire Attacks Lockheed Aid as Socialism Claim
Senator William Proxmire asserts the Nixon plan to back private loans for Lockheed Aircraft and other troubled firms amounts to socialism for big business and harms small business. He notes the expansion to a 2 billion emergency program and calls for free enterprise with risk of failure. The Senate Banking Committee widened the plan to create an administration dominated board to decide loan guarantees for at risk major businesses.
MENTIONED IN THIS ARTICLE
Washington
UPL
Willian Proxmire
D-Wis
Lockheed Aircraft
Nixon
Lockheed
Proxmire
Joans
Aces
Senate Banking Committee
Financial highlights HIE ARGUS Sunny July 18 1971
Fremont Newark area financial highlights page 8 of the Argus Sun newspaper reports on market movements and corporate activity in California during July 1971. It notes notable gains and losses, stock performances, and brief company summaries across sectors with investor emphasis.
MENTIONED IN THIS ARTICLE
HIE Argus
Dual powered telescope magnifies Golden Gate Bridge tower
Engineers from Lockheed Missiles and Space Company invent a dual powered telescope. The device uses a simple lens combination to magnify a large field of view with a central circular area intensified.
MENTIONED IN THIS ARTICLE
Lockheed Missiles and Space Company
San Francisco
Golden Gate Bridge
Nixon Codes Wage and Price Controls Face Pushback
Nixon edges toward wage and price controls centered on construction, forming the Construction Industry Stabilization Committee. The plan, backed by a wage review framework, aims to curb inflation but faces AFL-CIO opposition and mixed contract outcomes in Little Rock, Philadelphia, Tacoma, Albuquerque, and Ohio. The piece critiques policy flaws, urging productivity-based limits rather than broad controls.
MENTIONED IN THIS ARTICLE
Virgil, Salera
Nixon
Washington
Union Grove
Afl-Cio
Bacon-Davis
Johnson
Little Rock
Philadelphia
Tacoma
Albuquerque
Ohio
Commillee
Business Question Box: Service Sectors Growth and Funds
A reader asks about service industry growth and investment viability. Evidence cites rising disposable income spent on services from 38.2% in 1969 to 38.4% in 1970 with forecasts of 41.9% for 1971 and over 43% for 1973–75, plus historical 34% share in 1929.
Nixon visits China to spark market comeback plan
New York reports buoyant trading as President Nixon unveils a dramatic plan to visit Communist China before May, lifting Wall Street after a four day downturn. Banking changes loom over Lockheed rescue as 24 bankers attend a committee hearing and pledge to back a government-guaranteed loan if needed. Inflation controls persist with a higher discount rate at the Federal Reserve. Nationwide telephone and rail strikes, rising layoffs, and weak retail sales underscore tough times in July.
MENTIONED IN THIS ARTICLE
New York
Lockheed Aircraft Corp
Patman
Milion
Lockheed
Congress
Priman
Paiman
Texas Democrat
Daniel Haughton
Mike Mansfield
Federal Reserve
Southern
Union Pacific
Commerce Department
Otf
Also Mentioned on This Page
Arthur Lipper Corp
Notoad
Channing Venture
Nicholas Strong
Shamrot
Torrence Equity
California Venture
Lockheed Aid
Socialism
Fremont
Newark
California
Joy Manufacturing Company
Franklin
Umder
Lal
Carehil
The
Health Insurance Institute
Prentice Hall
Aetna
Equitable
Travelers
Blue Cross
Blue Shield
Wall Street Journal
Ter
Investment Company Institute
Bob
AP Agta
Airline Ground Transportation Association
North Des Plaines Street
Chicago
GIG
Gale
C-O
Hayward Daily Review
West Winton Avenue
Hayward
Alarmeda County Library
Mbh
China
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