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

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

Rating:Odd Lots, February 18, 2000 Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, February 18, 2000

Odd Lots, February 18, 2000

Reported by Hayley Green

Mutual fund rules backed by European Parliament
From The Wall Street Journal
The European Parliament said it will back a new bill liberalizing investment rules for pan-European mutual funds. Parliament's version of the bill, passed at first reading Thursday, must now be approved by the European Commission and the Council of Ministers, representing more than 15 member governments. The passage of the bill will boost the growing industry of mutual funds that sell to investors outside their home country. The directive would allow cross-border funds to diversify into such assets as money-market instruments and units or shares of other mutual funds. It would also exempt index-tracking funds, allowing them to put up to 20% of their assets in one stock, raising the current 10%-limit. This would help index-tracking funds in such markets as Finland, Sweden and Britain where Nokia, Ericsson and Vodafone dominate.

Lopsided balanced funds
From The Wall Street Journal
Balanced funds are not as evenly weighted as one would imagine. Most balanced funds mix blue-chip stocks with high-quality bonds in roughly a 60/40 mix. The average balanced fund, last year, pinched out a return of only 8.7%, according to Lipper Inc. Last year's top-performing balanced funds: Green Century Balanced Fund jumped 76.4%, Berger Balanced Fund increased 44.6% and Janus Balanced Fund grew 23.5%.

Success at Firsthand
From TheStreet.com
The money is rolling in at Firsthand Funds which has been soaking up $500 million to $1 billion in new cash in each of the last few months. There has been so much money that the managers are having a hard time putting the cash to work. But there are no plans to turn off the cash faucet any time soon. Firsthand's mutual fund assets have grown to $2.9 billion at year-end from just $232 million at the end of 1998, Financial Research Corp. The average tech fund has 7.9% of its assets in cash, according to Morningstar.  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
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:
Add to My Yahoo!
follow us in feedly

  1. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  2. FinReg Outlook 2021, March 10
  3. Irish Funds North American Digital Seminar, March 11
  4. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  5. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  6. Women for Impact - A Call to Action, March 16
  7. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  8. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use