Invesco Communications Fund Manager Names Top 5 Hlds
Dow Jones Newswires March 18, 1998
NEW YORK -- Deregulation in mature markets, low penetration in emerging markets and an explosion in data traffic are three major trends influencing the telecommunications industry, said Brian Hayward, portfolio manager for the Invesco Worldwide Communications Fund, during an appearance on CNBC Wednesday.
The fund, which has increased 57% in value over the last 12 months, had $186 million in total assets invested in 69 stocks. Its top five holdings are Global Telesystems Group Inc. (GTSG), WorldCom Inc. (WCOM), Nextel Communications Inc. (NXTL), Colt Telecom Group PLC (COLTY) and MCI Communications Corp. (MCIC). |