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, May 6, 1999 Odd Lots, May 6, 1999 Windsor Fund Regaining Past Glory The Boston Globe After adding New York manager Sanford Bernstein and re-opening its Windsor fund, Vanguard can sit back and relax a bit. The Windsor fund is back, more than doubling the the S & P 500 index so far this year. Most of the gains so far are due to the rise in cyclicals of late -- so there are some worriers about the legs of many of the stocks in the Windsor portfolio. Stable Value A Gimmick Fund? MSN MoneyCentral Stable value funds have long been a staple for 401(k)s, offered in almost 2/3 of all the nation's plans. But of late, the financial media is "catching on" about this new "gimmick" in funds. In this latest article, MSN discusses stable value funds in the same breath with market neutral funds, and informs us that stable value has nothing to do with value investing. Funds Losing to Stocks Wall Street Journal More and more people are catching the bug. Not exactly day-trading, but spending more time stock-watching and much more money on individual stocks, often taking money out of mutual funds to do it. Individuals seem to be feeling invulnerable these days, as the market continues to climb. Fund companies of course downplay the shift as a temporary thing, attributable to the current market environment, and even call the preference for online trading of stocks an "aberration". Tech Funds Still Sizzling The Mutual Fund Cafe Surprise, surprise! This week's blue plate special at the MFCafe reports on science & technology funds and the surge of inflows in 1999. Tech funds garnered a net $2.3 billion in January alone. That’s three times the objective’s full-year 1998 net flow total of $702 million and by far its largest single-month intake ever. Funds in the Press worldlyinvestor.com takes a look at Jeff Morris, who manages the $1.5 billion INVESCO Financial Services Fund. Smart Money reports on the "Three Terrific Stock Pickers" (Wally Weitz, Ron Baron and Ralph Wanger) session at the Morningstar conference and the funds involved. Printed from: MFWire.com/story.asp?s=24823 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |