Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:November 15, 2000 Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, November 15, 2000

November 15, 2000

Reported by Sean Hanna, Editor in Chief

OppFunds Plans SubAdvised Family
From TheStreet.com
OppenheimerFunds is readying a new aggressive family of six sub-advised funds for a January rollout. The new family is dubbed Oppenheimer Select Managers Series. Advisors to the funds will include Jennison Associates, Gartmore, Mercury and Salomon Smith Barney. Two of the funds will be sold only to retirement plans.

Fund Managers Become Team Players
From Investor's Business Daily
Fund firms are now more than twice as likely to credit a team with a fund's portfolio management than an individual as before. This year, roughly 40 percent of funds are team managed, up from 21 percent in 1977, according to Wiesenberger/Thomson Financial. "Times have changed, and Vanguard has changed with the times," Vanguard spokesperson John Demming is quoted as saying. The article credits four advantages for team-managed funds: a division of investment responsibilities across sectors market, protection from negative media attention when a manager abruptly quits, a team spirit that rewards shareholders, more fluidity as funds grow larger.

Dresdner Open Ends Fund
From Wall Street Journal
Dresdner RCM Global Strategic Income Fund is going open-end. A nonbinding proposal to convert the fund from a closed-end structure garnered a "significant majority" of votes at a shareholder meeting late last month, the report quotes one fund director. The fund had been trading with as much as a 20 percent discount to NAV. After the conversion was proposed the discount narrowed to about 5.4 percent.

Investor's On Advice
From Wall Street Journal
Who are the players in online 401(k) advice? This article provides a good overview of the playing field from the investor's perspective. What are users complaints? Information listed from among only the plan's fund managers. The article also contains a claim from Fidelity that one-third of its sponsor clients offer Portfolio Planner and 1.8 million of 2.5 million investors use it. Meanwhile, 3,000 use Standard & Poor's Retirement Advisor. mPower is quoted as declining to provide its user base.

Monument Plans Genomics Fund
From TheStreet.com
Monument Funds, one of the early adopters of Internet investing is jumping on the next wave with a new genomics fund. This will be the second fund investing with this mandate offered by the industry. The other is the no-load GenomicsFund.com, which launched in March and over the last three months the fund is down 7.7 percent.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use