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Reuters Story - November 12, 1996 12:30
FINANCIAL US FUND MUNI INTC GE IBM ENR DPR ENT ELC ELI XON V%REUTER P%RTR
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Holdings in energy stocks rose slightly, to 13.1 percent
from 13.0 percent.
Durables fell to 10.6 percent of total net assets from 11.0
percent, and technology jumped to 10.7 percent from 6.7
percent, according to the fund guide.
Magellan added Intel Corp , General Electric Co
and International Business Machines Corp to its
top 10 holdings at the end of September.
Dropped from the list were U.S. Treasury bonds due 2023,
U.S. Treasury bonds due 2026, and Exxon Corp .
Magellan's percentage of foreign investments rose to 11.7
percent of assets at the end of September from 11.1 percent at
the end of August.
Net assets invested in Magellan rose to $53.23 billion at
the end of October from $53.00 billion at the end of September.
During the first 10 months of the year, Magellan had a
total return of 7.00 percent, compared to 16.63 percent for the
S&P 500. As of October 24, Magellan had a one-year ranking from
Lipper Analytical Services of 590 out of 628 growth funds.
-- Michael Ellis, Boston Bureau (617) 367-4176 |
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