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 17, 2000 April 17, 2000 Rydex funds split shares From CBS MarketWatch Months after the Monument Fund split shares of it Internet Fund, and the press skewered the marketing ploy, Rydex Funds have announced that it will, in turn, split shares for three of its mutual funds. The high-flying Rydex OTC Fund will split three-for-one while the Rydex Arktos and Precious Metals funds will reverse split one-for-five. Funds fare little better From The Wall Street Journal Friday's continued tech sell-off pushed the average U.S. stock mutual fund to a negative 6.4% year-to-date return, a sharp turnaround from the 6.95% return for the same fund through March 10, according to Lipper. Not surprisingly many of the funds that experienced meteoric rises in 1999 and early 2000 are now the biggest losers, including many of Janus' long-hot funds, with the exception of its value play, Janus Strategic Value. Some funds survive From Morningstar.com Although many funds invested in the tech sector sunk right along with the floundering NASDAQ, several held on to a surprising percentage of their gains. Morningstar's Russ Kinnel takes a look at several survivors of last week's carnage. Printed from: MFWire.com/story.asp?s=25656 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |