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The objective of these funds is to offer investors an inexpensive platform for diversification -- instead of diversifying by buying individual components of the S&P 500, for example, an investor can buy a much cheaper share of the S&P 500 ETF (ticker SPY), and obtain the return profile of the S&P 500.
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It was Janssen/Meyers that in 1994 managed a private placement deal through which Schonberg got cheap shares of the biotech startup Chromatics Color Sciences International, later a major holding of his Dreyfus funds.
To estimate total drag, compare the value of your $100 investment with the performance of the cheapest share class of the same fund.
For example, expenses for the cheapest share class of the American AAdvantage Large Cap Value fund that is open to the public, the PlanAhead class, are 0.86percentt, versus 1.33percentt for its peers, according to Morningstar.
TI's cheap share price caught the attention of Kohlberg Kravis Roberts last year.
Ocado's cheap share price has put the online supermarket top of bidders' shopping lists.
The pair made sacrifices for the business: they lived in a shared house in a cheap part of Manchester, cut their expenses to the minimum and worked every hour they weren't asleep.
Buying shares in Bear Stearns would help ensure that the deal goes through, and so it's possible that bondholders are buying up the still-cheap shares in hopes of guiding the JPMorgan takeover to completion.
Paradiseware operates out of cheap, shared office space in central Tokyo.
In particular, brokers always get plenty of cheap shares in his companies, which presumably gives them an added incentive to tout the stock.
A shareholder doesn't want that kind of influence snatched away from them by some other investor swooping in to buy up lots of cheap shares in a down round.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com