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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Joseph Shah who wrote (20988)6/9/1999 3:36:00 AM
From: DOUG H  Read Replies (1) | Respond to of 41369
 
<<<<<In March, according to CNBC, the index fund managers just started to buy AOL in the last week of March for it's first quarter holding because they waited to see if AOL would go down.

I do believe fund managers time their holdings. Every last week of the quarter, there are good volumes for big NAMES and fund managers also decide which ones to invest more with more cash flood to the funds in the quarter. Also Market is usually pushed up because the fund managers want to have a good quarterly statements for their investors unless there are something really bad.

Just a thought.>>>>>>>

Joseph, The Vangaurd Index funds ( they have several) S&P 500 wishire 4500/5000 etc. are "passively managed".

To quote Morningstar,"Vanguard Index Trust 500 Portfolio seeks investment results that correspond with the price and yeild performance of the S&P 500 index.
The fund allocates the percentage of net assets each company recieves on the basis of the stock's relative total-market value: it's market price per share multiplied by the number of shares outstanding."

George sauter, the fund's manager since 1987 does not engage in market timing. Reallocations are computer driven and mathmatical in nature. I believe most index funds operate that way. I hope that helps.
D.H.