The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Odd Lots, June 11, 1999 Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, June 11, 1999

Odd Lots, June 11, 1999

Reported by Sean Hanna, Editor in Chief

House committee strengthens privacy rights of financial services customers
From The Washington Post
A bill overhauling Glass-Steagal that would allow banks, brokerages and insurers to operate under one umbrella was passed out of the House Commerce Committee on a voice vote. The version passed included broader-than-expected privacy provisions. The financial services industry has fought the inclusion of these privacy measures which would let veto their sharing or sale of their data, including their names, addresses, account balances and transaction history. If enacted, the privacy provision would hamper institutions cross-marketing since they will not be able to share this information across business lines.

Not all tax-efficient funds are equally efficient
From The Wall Street Journal -- Registration Required
Tax-managed funds are hot -- but are they consistent? Fund companies have started at least 50 of these funds, 21 since 1997. Altogether they account for $17.4 billion in assets, according to Morningstar. Today's WSJ shows that the tax-advantage in these funds is not always equal. Index funds and those with lower turnover are more tax-efficient. Turnover rates in this group range from more than 10% to 40%. The paper contrasts Glenmede Tax Managed Equity Fund's with a three-year pretax annualized return of 22.55% and an after-tax return of 19.63% to Vanguard Tax-Managed Growth & Income Fund, which sports a 26.99% pretax basis, and 26.26% after-tax return.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use