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Rating:Odd Lots, April 10, 2000 Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, April 10, 2000

Odd Lots, April 10, 2000

Reported by Jason Shank

Diversify, young man
From The Boston Herald
Science and tech funds lost nearly half of their performance gains in the tech selloff of the last few week's, according to Lipper. Tech stocks now make up nearly one-third of the companies included in the benchmark S&P 500 index, experts say the recent profit-taking in the sector clearly shows the need for investors to diversify their portfolios

Bond funds to bank on
From TheStreet.com
TheStreet's Saturday Screen picks eight "strategic income" or multisector bond funds. Last year, the average multisector fund posted a 2.6% return, compared with a 0.5% return for the average domestic bond fund, according to Lipper.

Indexing flows slow
From The New York Times
Again the topic is diversity, as The Times discusses the lack thereof in large-cap indices today. Investors interest in index funds is slowing as well, as performance slows -- for example, funds that mirror the S&P 500 returned only 2.13 percent, on average, in the first quarter. The flow into these funds has slipped as well, with less than half of last year's flows in January and a mere $300 million in February. 

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