MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 28, 1999 Odd Lots, June 28, 1999 Buffet turned the tide for REITs From The Wall Street Journal -- subscrbers only Warren Buffet's purchase of REITs in early April signaled a turnaround for funds in the sector, according to the paper. Through the quarter REITs are up 10.6% -- more than quadruple the return on the S&P 500. For funds, Buffet's purchase reversed a string of quarters with $500 million plus outflows from REIT funds. In the weeks after his purchase more than $100 million found its way into these funds. For the quarter, the outflow sank to just $20 million. Overcoming being Small From The Boston Globe Marla Brill highlights some of the problems of running a $1 million fund (that's no typo, the fund has only a million in assets), by profiling Sherwood "Woody" Small. His firm manages the Undiscovered Managers All Cap Value fund. The good news for Mr. Small is that his management firm has $650 million more in assets managed for pension plans and the high net worth market to provide the payroll for his 16 employees. Undiscovered Managers remains optimistic about the fund's ability to grow. Soon it will be added to 401(k) plans and it has topped the S&P 500. Printed from: MFWire.com/story.asp?s=24375 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |