MutualFundWire.com: June 16, 2000

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Friday, June 16, 2000

June 16, 2000

Janus execs still upset
From Wall Street Journal
Executives of Janus Capital Corp. remain "disappointed" with Kansas City Southern Industries Inc.'s plan spinoff to bundle in Stilwell Financial Inc. them along with the Berger Funds and DST Systems Inc., reports the paper. However, time for a resolution to the disagreement is running out as the Securities and Exchange Commission gave its permission to the spin-off which is expected to take place in the next couple weeks. "Obviously we're disappointed with it," the paper quotes Stephen Stieneker, a Janus spokesman as saying.

Fidelity gets help on ads
From Boston Herald
Fidelity's $120 million advertising program is getting a boost by the return of Bill Heater to ad agency Hill Holliday Connors Cosmopulos. Heater had left the firm, which handles Fidelity's account, to found his own agency. He is known as the author of John Hancock's "real life, real answers" tagline.

ETFs' hidden disadvantage
From Wall Street Journal
Exchange-Traded Funds may be the hot new thing, but they do have problems. One problem, according to the paper, is that investors have a more difficult time gathering information about ETFs than for funds. Another is that comparing the two investment types is not a simple task. Part of the reason is that ETFs are not yet listed with funds by Morningstar, Lipper or in most newspapers (Wiesenberger does include ETF info in its fund database). Instead they are listed with stocks. This means that information that can be easily found for funds, such as rolling return information and portfolio holdings, is difficult to track down for ETFs.

Of Interest

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