Commodity trading charts - Like many other open-end investment companies, tobacco and liquor stocks have been avoided, presumably because of the possible effect on investors who questioned the moral implications of profiting from these industries.

Some years ago, the decision to sell the holdings of MIT in Montgomery Ward when Sewell Avery did not resign raised the question, still undecided, as to the policy that should be followed by an investment company that found management lacking in desirable qualities. MIT does not regard its size as a handicap. It points to its ability to acquire large blocks of stock readily and to dispose of sizable holdings. The advantages of size are said to be reflected in the quality of the men who are associated with MIT. For example, all five of the trustees at this writing have been chosen from the research staff. The low operating expense ratio is also cited as a benefit of size.

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[tags]commodity trading Charts[/tags]