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, August 17, 2000 Small Bytes for Aug. 14 to Aug. 18 Nuveen Investments is has rolled out three new sector portfolios for financial advisors. The new portfolios are Nuveen Mobile Web Portfolio, Nuveen Telecommunications Paradigm Portfolio, and Nuveen REIT (Real Estate Investment Trust) Portfolio. With the exception of Nuveen REIT Portfolio, which is available with only a five-year structure, all of these portfolios are available with either a 15-month or a five-year structure. Each concentrates on making investments in the companies the new information economy. "These rapidly growing sectors are redefining the way we conduct our business," said William Adams, Executive Vice President, Nuveen Structured Investments. * * *
Stock prices have fallen far enough for Harbor to reopen the Harbor Growth Fund to new investors. The firm closed the fund in March citing the market prices for stocks prevailing at that time. Peter S. Welles, portfolio manager for the fund, said that today's market conditions provide more attractive investment opportunities than when the fund was closed last March. Harbor Growth Fund had net assets of approximately $250 million at the close of business August 11, 2000. * * *
Conseco Capital Management is continuing to rebuild its management team in the wake of numerous departures as the Carmel, Indiana firm's stock has collapsed. Robert Cook, CFA and Eric Todd, CFA, will co-manage the $75.3 million closed-end Conseco Strategic Income Fund. They replace Peter Andersen, who departed on July 17, 2000. Cook has been at Conseco since 1994 and Todd joined the firm in 1991. * * *
INVESCO Funds Group has named Trent May as the lead portfolio manager for the INVESCO Endeavor Fund. May had co-managed the fund and will maintain the all-cap fund's investment objective of long-term capital growth through aggressive investment policies, said the company. Printed from: MFWire.com/story.asp?s=25868 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |