TSC article. ASND on buy list of AIM mutual fund
thestreet.com
Fund Watch Features: One AIM Fund Manager Couldn't Care Less about the Dow's Dip
By Alison Moore
Senior Writer
8/21/98 12:38 PM ET
No Fear
Neither sex, nor bombs nor Latin America will stay this
stock picker. David Barnard an AIM senior portfolio
manager on the Constellation, Summit, and Weingarten
portfolios, says times like these are the reason investors
hire active managers.
"We're not at all concerned," says Barnard. "I have the same
sentiment when markets are going up or down," he says. "I
don't buy markets I buy stocks."
And if he likes stocks when they're expensive, Barnard
says, he likes them that much more when they're cheaper.
"We are always looking in markets like this."
Barnard says technology will continue to be the leading
industry, and that's where he's looking today. He's after "any
companies associated with bandwidth, which I believe will be
the next great growth area."
Among the network builders, Barnard's sifting through
Ascend (ASND:Nasdaq) Cisco (ASND:Nasdaq), Tellabs
(TLAB:Nasdaq), Lucent (LU:NYSE) and Ciena
(CIEN:Nasdaq)(which we've written about separately today).
On the network sales end he likes Worldcom
(WCOM:Nasdaq) and Qwest (QWST:Nasdaq) .
For information distribution he likes cable stocks Time
Warner (TWX:NYSE), and Comcast (CMCSA:Nasdaq) and
internet playsAmerica Online (AOL:NYSE) and Yahoo
(YHOO:Nasdaq).
He also likes Dell (DELL:Nasdaq) and Schwab
(SCH:NYSE), which he includes in the Internet commerce
group.
Of Barnard's three funds, Summit and Weingarten are
besting the S&P's 13.6% return so far this year, while
Constellation is lagging with a 5.3% return. Over five years,
the funds have returned 18.0%, 18.6% and 15.3%
respectively. |
