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Rating:Odd Lots, April 1, 1999 Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, April 01, 1999

Odd Lots, April 1, 1999

Reported by Sean Hanna, Editor in Chief

Are the marketers running out of new ideas? Only 64 new funds were launched in the first quarter compared to 435 in the first quarter of 1998, according to Wiesenberger. This information was reported in TheStreet.com.

The days of "cowboy" fund managers are supposed to be over, Syre & Stein write in their Boston Globe column. Yet two of the top funds at Fidelity are old-fashioned capital appreciation funds. The funds Fidelity Fifty and Fidelity Millenium. The irony, of course, is that Fidelity has been widely reported to be making managers hew more closely to a set investment style ever since the attention paid to Jeff Vinik's bond plays when he managed Magellan.

Like so many of its peers, Gabelli will be expanding its distribution to focus on advisors and brokers. Today's Wall Street Journal reports that Gabelli will be introducing new loaded share classes for the Gabelli International Growth, Gabelli Global Interactive Couch Potato and Gabelli Global Interactive Opportunity. 

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