plies to: YHOO CMGI)
Potomac Funds Participate As Internet Stocks Join America's Corporate
Infrastructure
WHITE PLAINS, N.Y., Dec 13, 1999 (BUSINESS WIRE) -- Just as the
Internet has significantly shortened the time line for the delivery of
communications, Internet companies have evolved from speculative
upstarts to a significant part of the American economy in an
unparalleled short period of time. Last week's introduction of Yahoo
into the Standard & Poor's 500 Index clearly announced that this
sector, virtually unknown ten years ago, has entered the main stream.
The marketplace's reaction to this latest announcement was quick and
enthusiastic -- Yahoo's share price rose 30% in the course of only a
few days.
Another strong sign that a greater segment of the investing public is
being attracted by the Internet industry is the reception given to the
launch of The Potomac Internet Plus Fund on December 1. The Fund, whose
NAV has increased 25% since its introduction, has already amassed $30
million in assets. The Fund employs investment strategies to achieve
enhanced returns that benefit investors under current market
conditions.
The Potomac Internet Plus Fund is a no-load mutual fund that seeks to
provide investment returns that correlate to 125% of the performance of
the Dow Jones Composite Internet Index, a modified
capitalization-weighted index designed to track the performance of
companies involved in Internet related activities. The Index consists
of 40 companies that represent approximately 80% of the Internet
industry, including companies that focus on e-commerce and Internet
services. The Internet Plus Fund's top ten holdings are: America
Online, NYSE: AOL; CMGI, Nasdaq: CMGI; RealNetworks, Nasdaq: REAL;
Exodus Communications, Nasdaq: EXDS; DoubleClick, Nasdaq: DCLK; At
Home, Nasdaq: ATHM; VeriSign, Nasdaq: VRSN; Yahoo, Nasdaq: YHOO;
Inktomi, Nasdaq: INKT; BroadVision, Nasdaq: BVSN.
There is no guarantee that The Potomac Internet Plus Fund will achieve
its objectives. Return and share price will fluctuate and the
redemption value of an investment may be more or less than its original
value. Investors should read The Potomac Funds prospectus for more
complete information, including charges, expenses and risks, before
investing or sending money.
THE POTOMAC FUNDS, 1311 Mamaroneck Avenue, White Plains, NY 10605
www.potomacfunds.com
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: The Potomac Funds, White Plains
Phil Harding
(914) 614-6320 |
