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

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

Rating:Odd Lots, December 3, 1999 Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, December 03, 1999

Odd Lots, December 3, 1999

Reported by Hayley Green

Diversification, diversification, diversification
From The Wall Street Journal
International mutual funds may not be as diversified as they seem. A closer look at the results of many international funds shows strong similarities to what is fueling the performance in many US stock funds. Both are scooping up heavy numbers of technology and telecommunications stocks, and, while they generally aren't buying the same stocks, they are all potentially volatile. International mutual funds have boosted their exposure in particular to burgeoning software and Internet companies in Japan, Europe and India. So far in 1999, the typical US stock fund is up 16.75% year-to-date through Wednesday, while the average international portfolio is up an even more crowd-pleasing 33.28%, according to Morningstar Inc.

Time heals all wounds
From TheStreet.com
Pilgrim Baxter's PBHG Funds were performing so poorly last year that an attempt by parent United Asset Management to sell Pilgrim Baxter fell through, largely due to its funds' poor performance. It's good that time heals all wounds because today, the firm's flagship Growth fund is approaching five-0 territory, returning 49.3% through Wednesday's close. And other PBHG funds are posting successful numbers as well. PBHG funds' resurrection comes as momentum investing is back in favor. The strategy involves buying explosive small- and mid-size company stock before other investors pile in, then getting out of them before those same investors bail.  

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
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. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use