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, April 19, 1999 Odd Lots, April 19, 1999 External Managers Hold the Edge From The Wall Street Journal As fund companies try to fill in the style-box more and more often they are turning to outside shops to subadvise their funds. It turns out that they may be on to something good. A new study from the Financial Research Corporation found that funds with external management hold a slight performance edge of internally managed funds over the last one, three, and five years. Altogether about 6.1% of mutual-fund assets are managed externally, up from 4.9% in 1995. Still, these funds don't yet have their fair share of assets. They represent 9% (or 590) of all funds. The WSJ also reports that Fidelity Magellan has trimmed its tech holdings to 20.9% of its portfolio. Outflows Continue at Brandywine From SmartMoney Magazine The Brandywine fund is up more than fifty percent since last October's correction, yet investors are still fleeing the fund. Roughly $603 million left the fund in the first quarter. Heat from investors is so intense that the fund has set up a "client liaison" office to answer shareholder concerns, according to the magazine. Franklin Mutual Shares Turn Around From The Boston Globe Franklin Mutual Shares may be turning around. Marla Brill profiles the mid-cap value fund. Drafting Funds From The Boston Globe Charles Jaffe's article uses the recent football draft as an example of how to "draft" funds to put together a well-balanced portfolio. Printed from: MFWire.com/story.asp?s=24957 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |