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 |
|
Wednesday, August 27, 2008 MStar Analyst Tells Remaining Schwab YieldPlus Investors to Get Out Morningstar analyst Miriam Sjoblom relayed a message to those shareholders still holding on for better days in Schwab's YieldPlus fund. BusinessWeek reports that Sjoblom told investors: "Shareholders have been effectively liquidating the fund already: It has experienced the greatest amount of net outflows of any mutual fund this year, with net assets dropping to $524 million at the end of July from $6.5 billion at the start of 2008. Remaining shareholders would be better off following suit. The fund is also the target of a class action suit by a group of shareholders. Printed from: MFWire.com/story.asp?s=19156 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |