Christine Benz
Christine Benz
fidelity management top view
Some at Fidelity in top management view it as a concern.
accentuate allowed argue both compelling cut deliver flip format funds gains itself lends leverage manager past profitable redeem return risk shares total trade unusual
Leverage has been a profitable trade in the past and it has allowed many closed-end funds to deliver very compelling yields, but the risk is your total return could suffer. Leverage can cut both ways; it can magnify your gains but it can also accentuate your losses. ... On the flip side, if you are delving into these more unusual strategies, one could argue the closed-end format lends itself to them pretty well, because your manager is not having to redeem shares everyday.
growth hearing managers might move opportunity portfolio stocks taking
We're hearing from a lot of value-oriented managers that they're taking this opportunity to move into stocks with growth prospects. My goodness, Cisco is in the portfolio right now, which isn't something that Windsor shareholders might be expecting.
hard invested main performance small whether wrong
It has been hard to go wrong in stocks. The main performance determinant was whether you invested in small caps.
beginning best huge performers run worst
It is a huge run right in the beginning of the year. Some of the best performers are on the 'Who's Who list' of the worst of 2000.
blown brain companies drain full fund looking manager perhaps realize retention stay steps taking turning
Fund companies are increasingly looking at this as a retention tool. Perhaps its one way to keep your fund manager on board. I don't know if it's a full blown turning point, but companies realize it could be a brain drain so they're taking steps to stay competitive.
ahead clear four fund indication interests prove willing
If Spitzer's allegations prove true, it's a clear indication that all four fund firms were willing to put their companies' own profitability ahead of the interests of their fund shareholders.
companies fund mutual retail retain starting trend vehicles weapon
I would say it's a dueling trend that retail mutual fund companies are starting hedge fund like vehicles to retain that talent. That is a weapon in a fund company's arsenal.
longest phenomenal pure
He has one of the longest records, he's more a pure quant investor, ... He's got a phenomenal record.
believe continue funds investment mutual represent run worthwhile
We continue to believe that mutual funds run by such shareholder-friendly firms represent worthwhile investment opportunities for most investors.
particular
The predicament is not particular to (Janus) in any way.
among area biggest funds hits people tech took watching
Internet-heavy funds took some of the biggest hits yesterday, but most people watching the tech area have long thought that there's probably been some froth among those stocks.
aggressive bond fund good growth leeway might putting sort taxable types
In general, in any sort of tax-deferred account, you have a little more leeway to look at fund types that might be undesirable for your taxable account. If you're going to own a high-turnover, aggressive growth fund, for example, putting it in a tax-sheltered wrapper is a good idea. By the same token, a high-yield bond fund might be a good thing to put in a tax-deferred account.
investors telling
That's what we've been telling investors all along.