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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: Jack Jagernauth who wrote (8238)8/22/1999 12:23:00 AM
From: RFH  Read Replies (2) of 18928
 
Hi, Jack. I feel that fund managers, by virtue of their commitment to look good, will defeat the purpose of AIM for us. In other words, my Korean fund is dedicated to Korea, and therefore I had to take the lumps when Korea crashed. (See:

elnet.com )

In a broader mutual fund, for example a Southeast Asia ex-Japan fund, the manager will shift his holdings to various countries, and you won't be able to load up on more shares at the bottom of the cycle. Usually, the fund manager will get out of his losers near the end of a calendar quarter to make his portfolio look good to perspective buyers of the fund. He doesn't want anyone to know that he lost his shirt in Korea. AIMers will get the shirt back eventually, usually ironed and starched.

Sincerely,
RFH
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