January 8, 2001 |
Mutual fund investors may be thrilled that the Federal Reserve has begun to cut interest rates, but when they see their funds' year-end statements, many will wonder what took the Fed so long. As technology stocks plummeted amid a weakening economy, the average domestic stock fund sank 8% in the fourth quarter, according to fund tracker Morningstar Inc. That was the worst loss since the third quarter of 1998. For the average tech-sector fund, the fourth-quarter loss was a stunning 36%.
December 23, 1997
Vanguard Group Chairman John C. Bogle, Charles Schwab Corp. Chairman Charles Schwab and Securities and Exchange Commission Chairman Arthur Levitt will be among the featured speakers at The Times' second annual Investment Strategies Conference, to be held the weekend of Feb. 7-8 at the Los Angeles Convention Center downtown.
January 7, 2002 |
There's one upside to the devastating losses many stock mutual funds have incurred since 2000: A big chunk of any future gains may be sheltered from taxes. "Fund investors are at a rare advantage now because the portfolios have all these losses on their books that can offset future gains," said Steve Cohen, chief financial officer at money manager RS Investments in San Francisco. "It's not the reason you should buy a fund, but it's an added bonus, a silver lining."
April 9, 2001 |
If you think it's finally time to start loading up on what's beaten down in the market, you're probably looking at growth stocks or growth-stock mutual funds. No question, the damage has been dramatic over the last two quarters. And picking the ultimate bottom is nearly impossible. So, you may figure, why not start at least nibbling now?
July 18, 2000 |
Editor's note: In the story above, Josh Friedman looks at the merits of buying "blend" funds rather than growth-stock or value-stock funds. Here, staff writer Walter Hamilton explains how he came to the conclusion that one growth-stock fund wasn't enough. * When I set out recently to invest in a new large-cap growth-stock fund, I had every intention of following conventional fund-buying wisdom.
October 9, 2000 |
Thinking big isn't paying off like it used to. Returns on large-capitalization stocks overall have been disappointing this year compared with many other market sectors. That brings to an end the dominance of blue-chip shares that marked most of the late 1990s. The average large-cap growth fund lost 0.2% in the third quarter and was up just 2.8% for the first nine months. The average large-cap value fund fared better, gaining 4.9% in the quarter, though the nine-month return was 3%.