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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Mark Nelson who wrote (7449)11/8/1997 2:16:00 PM
From: Zeev Hed  Respond to of 18056
 
Mark: The credit they get is for a much smaller portion of the total portofolio not even the standrd margins of 50%. The market can sink 25% in one day and the funds can then experience a 25% redemption rate in the same day and they will still survive. Do not forget, some funds mark to book on an hourly basis, so the redeemer at a through, can get out less than the closing (and more as well).

Zeev