my Domini's socially conscious Social Equity Fund mutual fund now holds roughly half of the S&P 500's stocks, including some of the largest caps and weighted in the hottest sectors. The fund's assets total $885 million today, tripled in size in about 15 months. More about the fund in today's The Boston Globe
The Wall Street Journal
reports that enhanced index funds are not living up to their marketing pitch. For the 12 months ended in February, the average enhanced-index fund pegged to the Standard & Poor's 500-stock index logged a 17.05% total return, while the S&P 500 index registered a significantly higher 19.74% gain, according to Morningstar.
Also in the Journal, Fidelity cuts off
30,000 customers from phone access to information about their accounts, citing excessive phone use. Louis Harvey, president of Dalbar says that is the first time a major company has penalized a large class of customers for frequent calling.
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