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 |
|
Friday, November 12, 1999 Odd Lots, November 12, 1999 The secret to Indian success From The Wall Street Journal India has gone through many governments, economic sanctions, border conflicts with Pakistan and an economic slowdown. Its market has posted only a 14% rise. Over the same period, HSBC Asset Management's India Equity Fund, managed by Sanjiv Duggal, was up almost 200%. The secret to his success is to spot an industry and policy turning points, buy the stocks that stand to benefit, and sell once they've risen to his target levels, he says. You can't ignore the indexes From The Wall Street Journal Vanguard's rivals are taking jabs at its most valuable possession: the company's low-cost lineup of 29 index funds. Fidelity Investments, for instance, is selling a new index fund. Charles Schwab Corp.'s index funds are taking in tons of new cash. TIAA-CREF is also considering launching an index fund in mid-2000. Barclays PLC plans to roll out a plethora of exchange-traded products targeting the individual investor. Even Internet start-ups are proposing to sell index funds. Historically, many mutual fund companies stayed away from index funds because of their thin profit margins. But they can't be ignored: The indexes are beating most stock-picking managers, and consumers care more about fees. Thus, 40% of new cash this year has been invested in index funds, and such funds now represent almost 9% of all stock-fund assets, according to Financial Research Corp. Tech smiles down on Putnam From The Boston Globe Putnam's equity funds went through a period of dull performance after their mid-1990s roar, but they're making a comeback in a market that has rewarded technology companies far above all others. Technology has added a 66% year-to-date gain for Putnam's $5 billion OTC & Emerging Growth fund and a 40% advance for its aggressive $2 billion Voyager II fund. Industry experts are saying that Putnam's fund performance has more to do with a market smiling on its investing strengths in technology and midsized stocks than strategy shifts by its managers. A victim of managers success From TheStreet.com Ryan Jacob's new Internet fund was expected to launch as early as Labor Day, but has been left in purgatory awaiting the completion of the regulatory filing process. The unusually long delay has come as the SEC has intensified its scrutiny of performance-based advertising of mutual funds. Since the original prospectus on July 14, the Jacob Internet fund has submitted at least three amended versions to the SEC for further review. In the latest filing, the only notable changes were to portions detailing Jacob's record at the once-white-hot Internet fund. Printed from: MFWire.com/story.asp?s=25111 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |