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Rating:Odd Lots, February 11, 2000 Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, February 11, 2000

Odd Lots, February 11, 2000

Reported by Hayley Green

Not all Internet funds are equal
From The Wall Street Journal
Internet funds may look similar but they vary in risk and volatility. A study, set to be released Friday, from Leah Modigliani, a Morgan Stanley Dean Witter stock strategist  looked at 18 US-oriented stock funds that returned 150% or more in 1999, all with at least three-year track records. Her conclusion, investors in any one of the funds had better brace for ups-and-downs. All of the portfolios lost more money in some months than the Standard & Poor 500 ever did in a single month from 1997 to 1999. The Dresdner RCM Global Technology Fund fared the best under bad times with a 16.4% loss. The riskiest, the Internet Fund which was down 30.7% at its worst.

Schwab's business booms
From CBS.MarketMatch.com
Charles Schwab reported that January daily trades in the Mutual Fund OneSource program jumped 52% over the previous month. Average daily trades of nearly 81,000 also proved to be 43% higher than the same period last year. The online broker also reported that total customer daily average trades for all Schwab services added up to 379,000 -- up 32% from December and up 58% from January 1999. 

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