check out the OTC funds (not the shorts). They are the hottest
Approved-By: enews@MFMAG.COM
Date: Fri, 12 Nov 1999 20:37:43 -0500
From: Mutual Funds Online <enews@MFMAG.COM>
Subject: Weekly Newsletter
To: Multiple recipients of list MOHOT <MOHOT@MFMAG.COM>
M U T U A L F U N D S O N L I N E !
November 12, 1999
www.mfmag.com
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In 1983, the first full year of the bull market,
funds distributed $4.4 billion in capital gains and dividends,
according to the Investment Company Institute. By 1997, that
figure had ballooned to $184 billion. Who paid taxes on those
gains? You did.
What about this year? You may figure the market hasn't
done well enough to produce big capital gains; many funds' last
big quarter was in 1998. But Louis Stanasolovich of Legend
Financial Advisors in Pittsburgh points out that since most
funds ended their fiscal years on October 31, many gains are
still on the books.
Paying taxes on distributions is one of the bigger
drawbacks to owning mutual funds. If your funds are in a
tax-advantaged account such as a 401(k) or IRA, you can
comfortably ignore the issue for now. But if you own taxable
accounts, there's no place to hide. You can, however, offset
your gains--and reduce your tax bill--by selling shares of
a fund that has lost money.
For more hints on how to tackle your tax burdens, visit
our "Capital Gains" feature in the December issue of Mutual
Funds magazine, which is online now <http://www.mfmag.com/>.
"Year 2000 and Your Mutual Funds" Chat
Tuesday, November 16, 7-9 pm EDT
Michelle Smith, managing director of the Mutual
Fund Education Alliance.(www.mfmag.com/chat)
Hottest Funds
Here are the top-performing domestic diversified stock
funds for the past three months ended November 11:
Putnam OTC & Emerging Growth, +59%
ProFund UltraOTC, +59%
Robertson Stephens Emerging Growth, +56%
BlackRock Micro-Cap Equity, +49%
PBHG Select Equity, +53%
Morgan Stanley Dean Witter Small Cap Growth, +51%
Grand Prix, +51%
Here are the top-performing specialized funds:
HomeState Year 2000 (Y2K), +79%
WWW Internet, +63%
Berger Information Technology, +58%
First American Technology, +57%
Monument Internet, +57%
Coldest Funds
Here are the poorest-performing domestic diversified funds in
the past three months:
ProFund UltraShort OTC, -42%
Potomac OTC/Short, -24%
Rydex Arktos, -23%
Polynous Growth, -21%
Yacktman Focused, -19%
Here are the worst-performing specialized stock funds:
Fidelity Select Environmental Services, -26%
Central European Value, -20%
Rydex Energy Services, -15%
State Street Research Global Resources, -15%
Cohen & Steers Realty Income, -15%
Free Report: Risk-Adjusted Returns
Some mutual funds generate impressive returns on
investment, but are they worth the risk? Funds with the
highest "risk-adjusted returns" generate the most return
for the least risk. We have created a free report called
"Risk-Adjusted Returns" that gives you valuable insight
into the risks and rewards of thousands of mutual funds.
To get your copy, call 800-494-0066.
In Closing
The next edition of this newsletter will be dispatched
one week from now, Friday evening, November 19, 1999.
- Adam J. Martin, Assistant Managing Editor
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