Mobius sees opportunities in third-world
From The Boston Herald
Mark Mobius, Templeton's gleaming-domed emerging markets fund manager, sees opportunities essentially everywhere overseas, it appears. His forecast, as most international investing pundits agree, is that Europe will take the lead and be a financial powerhouse not too many years down the road. However, he also sees opportunities in several smaller markets including South Africa, Korea, Thailand, Brazil, Argentina, and Mexico. And yes, even though he cautions that the risk is high, he even sees significant potential in troubled Mother Russia.
Fund investors looking more, buying less online
From The Wall Street Journal
The Journal explores American Century's latest online investing survey, released earlier in the week and covered by The MFWire.com. In the first year of the survey, in 1996, only 28% of respondents had visited a fund company's website -- the 1999 respondents have upped that number to 42%. However, the survey found that the most popular use of the 'Net is research so far, including the downloading of prospectuses, checking of account balances and NAV. The move to online trading of shares through fund websites is still slow to take.
Will Vanguard 500 blow?
Like you, I've heard musings about the Vanguard 500's large lump of unrealized capital gains, now equal to 40% of assets, according to MStar's Scott Cooley. But the Vanguard faithful need not fear the wrath of Uncle Sam, Cooley continues, as the Valley Forge indexer has things well in hand, and can take up to 10% outflows before having to make capital gains distributions. And the market factor most likely to cause outflows in any case, a dip in the S&P 500 will also trim the fund's unrealized gains, anyway.
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