Re: Which fund was #1 for Q1? Copy of my post at misc.invest.mutual-funds:
In article <3706B084.EDF3994A@prodigy.net>,
Ed <friday@fishinthe.net> wrote:
> I know what you're thinking. Your [sic] wrong.
> The Internet Fund was up 93.07% for the first quarter, but Nicholas
> Applegate Global Technology was up 96.61%.
Hey, Ed. I just posted asking why no one can find info on this fund. But then
I noticed another post by you saying it's small and new, which is what I
surmised. You have sparked my interest - do you know where I can get a listing
of their top holdings or at least any detailed info? Lipper, Morningstar and
quicken.excite.com basically have nothing on this.
Anyway, I want to get back to the big question - "Which fund was #1 for the
first quarter?" Like I've said in my earlier post, we are seeing contradictory
answers from various sources.
I'm still researching the matter, but here's what I located so far:
bloomberg.com
cbs.marketwatch.com
quote.com
interactive.wsj.com
The first 2 proclaim WWWFX #1 YTD, the last two say WWWFX is #1 1YR and do not
give rankings for YTD. I was unable to locate any info for NGTIX. Nor was I
able to glean any official data for YTD from Morningstar, Lipper, or Value Line.
Another trivia question - how many mutual funds, and particularly stock funds,
are there in existence? I don't know, but I'd estimate 9,000. Which would put
the first 90 in the top percentile of performance rankings.
Also, I wondered what the exact return of Monument Internet Fund is? As of last
month, they were in the process of getting a ticker symbol, so I imagine they
aren't widely tracked yet. On my Internet Funds site, the bulletin board had
this:
:Posted ByNatalie Netgal on April 04, 1999 at 17:41:52:
:As of market close April 1, Monument Internet Fund is ahead of The Internet
:Fund 98.4% to 96.6% YTD! It's nose to nose!
Although the CBS Marketwatch.com article says that it was actually lower, and
less than WWWFX.
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