MutualFundWire.com: Odd Lots, May 24, 1999

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Monday, May 24, 1999

Odd Lots, May 24, 1999

Fund execs stand behind 17(a)
From The Wall Street Journal -- registration needed
The WSJ picks up the story of the disagreement between the fund industry and the Securities Industry Association as to whether rule 17(a) should be relaxed to allow broker-delears to trade some securities with affiliated asset managers. The paper notes that fund executives are nearly unaminous in their support for the rule.

Hancock Emerging Growth
From The Boston Globe
Marla Brill explores the strategy of Bernice Behar, manager of John Hancock Emerging Growth fund. The fund is a small cap stock fund. Behar has minimized the fund's exposure to Internet stocks and remains well-diversified limiting holdings to 1.4% of the fund.

Fund cos fail the 'net
From The Los Angeles Times
The 'Net may be causing investors to become more self-sufficient, causing fund companies to lose their direct relationship with shareholders. Fund companies are so far wasting the opportunities provided by the 'Net, columnist Paul Lim argues.

Funds in the Press

Dick Shelton, president of the California Investment Trust Fund Group, argues that it is time to switch to small cap stocks in the San Francisco Examiner.