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 |
|
Tuesday, November 23, 1999 Odd Lots, November 23, 1999 The not so hot dot From The Wall Street Journal The Internet Fund is again being highlighted in the press. The Wall Street Journal, quotes Peter Doyle, one of the managers of the top-performing $745 million as saying that the days when America Online Inc., eBay Inc. and theglobe.com Inc. were no-brainer stock picks are over. Doyle tells the Journal that the dot isn't always hot. He has shifted his investing focus to better capitalized companies including: RCN Corp., Gemstar International Group Ltd., Telephone & Data Systems Inc. and Global Crossing Holdings Ltd. Firsthand feels success From TheStreet.com One of Firsthand Funds' will close to new investors in the very near future. Firsthand said it would close the $398 million Technology Innovators fund when it hits $450 million in assets. With $5 million to $10 million flowing in each day, the fund could hit that target within two weeks. The Technology Value fund is the top-returning mutual fund over the past five years and returns of two other funds are also in triple digits this year. In response, investors have poured more than $350 million into the company's three biggest funds through Sept. 30, according to Financial Research. Firsthand's total assets were $1.1 billion as of Oct. 31, most of which has been gathered in the last 12-14 months. Turn-of-the-century investors From SmartMoney.com Trying to separate the momentum plays from fundamental good investments in the mutual fund industry is not easy. SmartMoney.com took on the task of predicting what funds are going to make it or continue their success through the next millennium. The publication has picked a list of funds for "turn-of-the-century investors," consisting of funds whose returns are consistently high every season. On the top of the list is Bill Miller's Legg Mason Value Trust, Weitz Value and Fremont U.S. Micro-Cap. Printed from: MFWire.com/story.asp?s=25122 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |