Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: kha vu who wrote (25611)	2/25/1999 1:25:00 AM
From: kha vu	of 120523

WSJ: Heard On the Street: Market Gyrations Prompt nervous Investors to cut back on stock of Mutual Funds firms 02/24 Once upon a time investor would buy stock of mutual funds companies like T. Rowe Price and Franklin Resources rather buy its mutual funds. But since early last year, stocks of these funds declined while the S&P 500 index soared more than 20%: investor changes the course of putting the money. At Templeton, investor withdrew $1.6 billions. Federated Investors went public in May 1998 and is selling below its offering price of $19. Gabelli Asset Management went public two weeks ago at $17 1/2 is now selling at $17. At social gatherings, people are NOT talking about owning Fidelity Magellan but they are talking about Etrade and Schwab share price and the index funds. Last year, Vanguard Group took in $49 billions, i.e. 22% of funds industry in stock and bond funds. The second best is Marsh & Mclennan took in $13 billions. Two analysts favor the mutual funds stock: Kansas City Southern Industries. This fund earnings come from the 80% ownership of the Janus Capital.

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