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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (3403)	7/18/2001 7:46:07 AM
From: Moominoid	Read Replies (1) \| Respond to of 8150

Even the bottom quartile of fund managers here are beating the index here in the last couple of years according to the report on the mutual fund industry in todays Australian Financial Review. Coloniual First State's stock turnover is very low and the capital gains tax component of the distributions is small it's about balanced by the franking credits (we get tax credits here for the corporation tax). Their main Aussie equity funds have been outstripping the index since inception back in 1989. Here are the 1 and 3-year and 5 year performances from today's report: 1 3 5 Future Leaders: 16.14% 36.77% 25.42% Developing Companies: 21.25% 43.28% n/a Geared Share Fund: 26.95% 33.74% n/a Global Resources Fund:33.36% 22.93% n/a Seems to me that these are worth having? David

To: Chip McVickar who wrote (3403)	7/18/2001 7:46:14 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 8150

I agree with you completely... trading the futures markets is much better than picking individual stocks... I haven't bought or sold a stock in ages... we have those long term portfolios, but in recent years I've not looked at an individual stock... the futures indices are better, cleaner, simpler, and smarter all around.... why look for one company when you can own them all... I think some advertisement poses that very same question... I've been saying that for years... now, as for those fund groups, you just have to be very careful and highly selective because I also think those fund managers don't have a clue..... GZ