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To: SBHX who wrote (4998)1/30/2000 9:10:00 PM
From: Ian@SI  Respond to of 5927
 
There are 2 completely different sides of this coin.

1. The regulator had set limits on how much of any single stock, a fund could hold.

2. In the fund's own prospectus, there often are limits on how much of a single stock that fund can hold irrespective of what the regulatory requirement is.

The fund manager must manage within both restrictions if any.

FWIW,
Ian.



To: SBHX who wrote (4998)1/31/2000 12:25:00 AM
From: Marc  Respond to of 5927
 
-- OT -- NT & BCE

I think that what the OSC decision means is that
<<index mutual fund>> will be able to go to 25%, but non index mutual funds will have to follow the 10% rules, to answer your question i don't think it has even been less than 10%, but could have. JMO


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