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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (14157)	12/29/2000 5:21:00 PM
From: Bernie Goldberg	Respond to of 18928

Hi, I'll see if that archive will keep me up until Midnight. Just a thought here. I had pretty much decided to stay from Mutual Funds because of the uncertainty surrounding the Capital Gains distributions. I was pleased in '99 with small CG distribution from UOPIX. As I remember, it was somewhere in the vicinity of $1.00, which was pretty good considering that UOPIX was the best fund of 1999. This year however it is in the bottom 5 and had a distribution of over 12% of its NAV. I'm depending on the guru here to explain where my thinking is going astray. We had a pretty good year in 2000 with UOPIX providing us with about a 22+% gain by the end of March. I had 3 sells during the first quarter, all of them providing me with capital gains which I am happy to pay the taxes on. Starting in April the fund started declining and I am sure ProFunds had to sell some things to get $$ to cover redemptions in the second half of the year. They realized capital gains on their sales which were passed on to the shareholders this week. At first blush it seems that people using AIM with a fund that is as volatile as UOPIX are paying extra taxes. Not in 1999, but pretty definitely in 2000. What do you think? Bernie