Amerindo Technology Fund Further Enhances Shareholder Accessibility.NEW YORK--(BUSINESS WIRE)--March 26, 1999--Amerindo Technology Fund, the nation's No. 2-ranked science and technology fund, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Lipper Inc. is continuing its efforts to make its shares more easily available to the individual investor, it was announced here today. Recently, Amerindo Investment Advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and Inc., the Fund's advisor, introduced Class "A" Shares, with a $10,000 minimum. Previous to that, the only Fund shares available had a minimum of $150,000. Now, additional steps have been taken to enhance the Fund's availability to those other than institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . - Reduced minimums for both Class "A" and "D" shares Class "A" and "D" share minimums are reduced to $2,500 for taxable accounts and $1,000 for non-taxable accounts. Previously, the Class "A" share minimum was $10,000, while the Class "D" minimum was $150,000. - Amerindo shares available, no-load, through mutual fund supermarkets Class "D" shares (no-load) will soon be available through Charles Schwab Charles Schwab can refer to:
In addition, Amerindo Investment Advisors Inc. has changed the Fund's Class "A" share's commission structure to bring Amerindo Technology Fund into line with current industry standards. Amerindo Technology Fund is managed by Amerindo Investment Advisors Inc., with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and London. The Fund is distributed by American Data Services Inc. |
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