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

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

Rating:Odd Lots, September 15, 1999 Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, September 15, 1999

Odd Lots, September 15, 1999

Reported by Sean Hanna, Editor in Chief

Scudder Kemper to cut its fund roster
From The Boston Herald
Beth Healey reports in today's On State Street column that Scudder Kemper is reviewing its fund roster with an eye to making cuts. The article also raises the possibility that Scudder may convert its no-load funds to load funds so that they can be distributed by Kemper's salesforce (the AARP funds would likely be exempt). A Scudder spokesperson quoted in the article scoffs at that idea. At the very least Healey reports that Scudder will cut funds with overlapping objectives. The article points out plenty of overlap: Scudder has a Growth and Income fund and a Dividend and Growth fund. It has Large Growth, Classic Growth and S&P 500. Meanwhile Kemper offers Growth, Blue Chip, Value & Growth and Growth & Income.
  • TheStreet.com and offers additional coverage.

    S&P strikes two from Putnam
    From The Wall Street Journal -- password needed
    Standard & Poor's has deleted both the Putnam Vista Fund and the Putnam Investors Fund from its Select List. The WSJ reports that the action was taken by S&P because Putnam only supplies portfolio data twice per year -- or too infrequently to suit S&P's analysts. Quarterly disclosure of portfolio holdings has always been a requirement for inclusion on the Select List. So how did Putnam get the funds on in the first place. The paper reports that it was a misunderstanding. S&P believed Putnam would change its reporting frequency. Obviously it will not.

    Are advisors in for a worse shakeout than fund cos?
    From The Wall Street Journal -- password needed
    Ready for a world with just 40 to 50 investment advisory firms. That is the final play of a shakeout predicted in a new report being circulated by Undiscovered Managers. Today there are 11,000 or so investment advisory firms. The report predicts that the consolidation will result from larger managers undercutting the prices of smaller advisors while they offer added services. If this report is on target, look for advisory firms with heft and marketing savvy to survive.

    CNBC buys piece of ECN
    From The Chicago Tribune
    CNBC, a unit of General Electric and the leading financial news network has taken the surprising step of investing in Archipelago, an electronic trading network or ECN. CNBC is one of five institutional investors in a round estimated at $150 million in value. Watchers are surprised since the investment creates a seeming conflict of interest for the news service that has regular coverage of the exchanges.
  • TheStreet.com the Los Angeles Times offer additional coverage.

    More of Interest
  • The Philadelphia Daily News reruns an article from the S.F. Examiner on socially responsible funds. 

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

  • 3.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2020: Q4Q3Q2Q1
    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:
    Raw XML
    Add to My Yahoo!
    follow us in feedly




    ©All rights reserved to InvestmentWires, Inc. 1997-2020
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use