MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 9, 2009 WSJ Spotlights Cash Stashers In Thursday's Wall Street Journal Fund Track, Diya Gullapalli focuses on funds with large cash holdings. The list includes the $11 billion Mutual Discovery Fund, which is now nearly 30 percent in cash from 8 percent in 2007. There's the $3 billion Sequoia Fund, which was recently 18 percent in cash compared with 3 percent a year ago. The $795 million Amana Trust Growth Fund is 33 percent in cash, up from 17 percent a year ago. Gullapalli noted that the three have outrun the Standard & Poor's 500-stock index and have beaten their peers. Mutual Discovery is down 0.5 this year; Sequoia, 4.7 percent; and Amana, 0.6 percent. The S&P 500 is down 8.7 percent this year. Printed from: MFWire.com/story.asp?s=21254 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |