New opportunities in new economy
From The Los Angeles Times
Shelf space is important, that's hard to dispute, so many fund companies are now making sure that they have the newest products to compete. Not only are many companies jumping onto the Internet fund bandwagon, many are now also adding new funds that invest in the "new economy." The definition of the "new economy" is certainly still up for grabs but Paul Lim of the LA Times gives a brief history of the funds already out there and a few recently launched.

Fido's fund
From The Dallas Morning News
Salomon Brothers Asset Management has just launched a mutual fund that screens for companies that are dolphin-safe and mindful of the rare treefrogs ... something like that. The Humane Equity Fund got an $8 million headstart with a check from the Humane Society of the United States, which gets a consulting fee for identifying investments that it thinks should be excluded from the portfolio, including companies that test drugs on animals, cater to hunters or get more than 2 percent of revenue from meat or other animal products.

Odd Lotters are the ones to watch
From CBS MarketWatch
It used to be easy to figure out when a trend was over and it was time to start selling -- the odd lotters would begin to buy. But no longer, the general public has been ahead of the institutional investor in several cases recently, with the result that they're the ones now arriving late for the party. Some possible factors are the educational aspect of the Internet, as well as its function as a communication and information sharing tool. 

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