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Technology Stocks : Softbank Group Corp

SFTBY 59.50

+0.4%

11:24 AM EST

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To: Netwit who wrote (3716)	2/7/2000 3:08:00 AM
From: barbie13607	Read Replies (1) of 6020

Smartmoney article not very Smart: This was a quote by one fund manager: "After the Japanese Jasdaq index ran up 250% last year, institutions began reallocating their money (and hence the negative returns on Japanese funds this year.) "That money is going back to Europe," says Tracy Stouffer, manager of Dreyfus Founders Passport (FPSSX)." Well that is her opinion. A quick look (click on icon) at the Best International Funds YTD touted in the article show FPSSX with 23.87% invested in Japan and TWEGX with 17.2% invested in Japan. Hmmm, doesn't follow with her comment. Anyway, the gist of it is that the worst performing int'l funds ytd are funds emphasizing Japan: WPJGX: -12.1%; WPJPX: -9.9%; PAPAX: -8.6%; NJOAX: -8.3%. Isn't that something? I have no idea where they are getting those performances for noted funds. Again click on icon - WPJGX is up 17.5% in 4 weeks and doesn't equate to a 9.9% YTD loss. And on and on for the others..... If you view SFTBF as a mutual fund, up ytd 26.3%, that beats the top European performer - PEAGX, with 25.7. I do agree the European market is lagging Japan and is slated for an up year, however, IMO - this is not going to be accomplished at the expense of other markets. JMO -barbie

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