January 15, 2008 |
Fidelity Investments said Monday that it reopened its Magellan fund to new investors for the first time in more than a decade as the Boston-based mutual fund company seeks to capitalize on a turnaround by manager Harry Lange. Magellan beat 82% of rival funds last year with the $45-billion portfolio posting its highest return in 14 years. Lange, 55, who replaced Robert Stansky as Magellan's manager in October 2005, steered a significant chunk of money overseas and into technology stocks in 2007.
February 25, 2003 |
A monthly survey of individual investors by brokerage UBS and the Gallup Organization finds them more pessimistic than at any time since the survey began in 1996. Highlights from the latest survey, which questioned 1,000 investors selected randomly nationwide from Feb. 1 to Feb.
March 15, 1997 |
Warren Buffett, a legendary investor and one of the world's richest men, is advising caution to those tempted by the stock market's stampede higher. He described the market as overheated in his annual letter to shareholders of his Berkshire Hathaway Inc. investment company, according to a report by Dow Jones News Service. "You can, of course, pay too much for even the best of businesses," Buffett wrote in his annual report.
January 22, 1993 |
Good-looking corporate earnings reports are sparking tremendous stock price gains once again--in the process re-energizing the market's "momentum" investors, who feed on and abet such lightning stock moves. There are two important messages in this frenzy. First, it shows that corporate earnings are getting better and that investors are responding to them, as they should.
October 5, 2004 |
Warner Music Group, the giant music company bought this year by a group led by Edgar Bronfman Jr., said Monday that it would return $350 million to its shareholders. Warner, whose artists include Green Day, Madonna and Linkin Park, said it had extra cash to return to investors as a result of the company's improved balance sheet and lower-than-expected restructuring costs.
April 28, 1995 |
Despite rallying stock and bond markets, mutual funds took in less new cash from small investors in March than in February, the funds' chief trade group said Thursday. But this month buyers have returned in greater numbers, many fund companies say. The Investment Company Institute reported Thursday that net new cash flow into stock funds dipped slightly to $7.2 billion in March from $8.6 billion in February. Bond funds, meanwhile, saw a net $3.7 billion flow out in March, up from February's $1.
March 24, 2005 |
Lenovo Group Ltd., the Chinese computer maker that agreed to buy IBM Corp.'s personal computer unit for $1.25 billion, is in advanced talks with several private equity firms to invest in the company, people close to the situation said. Hong Kong-based Lenovo is in talks with Texas Pacific Group, General Atlantic and Newbridge Capital, which plan to put up a total of about $350 million to take a minority stake in Lenovo, the sources said.
January 29, 2005 |
Investors poured a net $177.5 billion into stock mutual funds last year -- the most since 2000 -- with a record amount funneled into funds that buy stakes in foreign companies, a report showed Friday. The Investment Company Institute, a trade group for the fund industry, said in its report that the inflow was the fifth-highest on record. Investors profited by steering more of their money into mutual funds that concentrate on foreign companies. Global funds rose 18.
August 6, 1998 |
The day after the Dow Jones industrial average fell more than 554 points last October, individual investors plowed a net $684 million into the equity mutual funds through discount broker Charles Schwab & Co. Was there similar heavy buying Wednesday, after Tuesday's market plunge? Schwab officials won't have the official numbers until this morning, but by most indications from the fund industry, the answer is likely to be a resounding no.
July 29, 1998 |
Last week, when the Standard & Poor's 500 index fell nearly 4%, investors pulled a net $2.7 billion out of domestic stock mutual funds, according to estimates by Trim Tabs Financial Services, a Santa Rosa, Calif., firm that tracks fund flows. But what looks like a big number isn't, relatively speaking. On a percentage basis, that $2.7 billion is a fraction of the net $31.5 billion in cash that Trim Tabs estimates has flowed into domestic equity portfolios in June and July.