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 |
|
Monday, July 12, 1999 Odd Lots, July 12, 1999 Vanguard Windsor is back on track From The Boston Globe After a dry spell the Vanguard Windsor fund is back in money making territory with a year-to-date return of 18.8% as of June 18. This makes it the best performer among the country's 30 largest stock funds. The current picture contrasts greatly from 1998, when the fund eked out a total return of only 0.8%. The value-based fund ran into problems when economically sensitive paper, oil, construction equipment, and chemical companies did not fare well, as large-company growth stocks zoomed ahead. Micro-Caps look for big growth From The Individual Investor The Fremont U.S. Micro-Cap, a $250 million fund, has profited from detecting change and innovation. The fund, which is celebrating its fifth anniversary, is up 38.88% year-to-date through last Wednesday. When company stocks were being battered by their large cap brethren in recent years, U.S. Micro-Cap fund was still able to post decent returns. The object of the game, according to portfolio manager Bob Kern, Jr., is investing in a micro-cap company that has the potential to rise above the small cap level. Kinetics plans new Internet funds From The Wall Street Journal Kinetics Asset Management, one of the first firms to create a fund concentrating on the Internet, is planning to roll out two new Internet funds later this year. Each fund will focus on a different aspect of the Web. One will focus on Internet "infrastructure" companies, which provide data links and other tools for Internet users, such as Lucent Technologies Inc. The other will invest in established companies that use Internet technology to improve their businesses, such as Time Warner Inc. Kinetics has also added new personnel including a co-manager who has replaced Ryan Jacob, who left the fund to start his own. Magellan Fund closes in on $100 billion From The Wall Street Journal Fidelity Magellan is just ticks away from $100 billion. On Friday the fund was trading with $99.6 billion in assets and 5.4 million shareholder accounts. About 65% of the fund's money comes from corporate retirement plans, especially 401(k)s. Printed from: MFWire.com/story.asp?s=24310 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |