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Technology Stocks : BillServ.Com(BLLS) Going for the EBPP Market Small Billers -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Tigson who wrote (132)	2/23/1999 6:59:00 AM
From: Horst Becker	Read Replies (1) \| Respond to of 918

The fonds website is dac-fonds.de The fond holdings shares of BLLS. Euro Wall Street Journal story. My apology but this is only english information for DAC fonds. Technology is the name of the game, and Bernd Foertsch is the star player. For the third consecutive quarter, Mr. Foertsch was the best performer in the international-stock sector over the previous 12 months. No other fund manager even comes close to Mr. Foertsch's fund, DAC Fonds UI, which had an amazing return of 156,7% in 1998. In the fourth quarter, he racked up a gain of 35,06%, better than what most international-stock funds did for the whole year. "Technology is the place to be, and we were in earlier than other European funds," Mr. Foertsch says. "We are going to keep putting money into tech stocks. As other fund managers realize that they have to put money into tech stocks, the prices will be pushed even higher." The fund, which Mr. Foertsch launched in April 1997, has attracted a phenomenal amount of money in the past 12 months. It now has about 200 million marks, or 102 million euros ($118 million), which is a leap from the two million euros it had at the beginning of last year. „This fund is a money machine," Mr. Foertsch says. He has also more than doubled the number of people helping him with the fund to seven from three earlier in the year. He says three more people will be added to the team in 1999. The force behind the fund's success is Internet-related stocks, which make up about 30% to 40% of its holdings. Those stocks include winning performers such as Internet portal Yahoo! Inc., America Online, Amazon.com, an online bookseller, and CMG Information Services Inc., which holds stakes in a number of Internet companies. Another 30% to 40% of the fund is in other technology stocks. The fund's holdings include Mobilcom AG, one of Deutsche Telekom's fastest-growing rivals. Mr. Foertsch, 36, is also the publisher of Germany's Boersenbuchverlag, or stock-market book-publishing house, which also publishes magazines. „I work 24 hours a day," he says with a laugh. „I never sleep because I'm always watching stocks." Mr. Foertsch is betting that technology stocks will continue to outperform the overall market in 1999. He says that as European investors become more comfortable with stock investing, they eventually will leave the more staid blue-chip stocks and put more money into technology shares.