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To: DD™ who wrote (3835)3/14/1999 9:13:00 PM
From: Mr. BSL  Read Replies (1) | Respond to of 15132
 
Superior fund managers are everywhere IMHO. The S&P500 is skewed by
the great recent performance of the mega-caps. The 1998 unweighted
price performance of the four major market indexes:

American Stock Exchange -27.40%
NASDAQ -20.04%
New York Stock Exchange -13.83%
Standard & Poor's 500 10.95%

Lipper says that the average return for managed large cap funds was
15%. Way below the weighted index but about 35% over the unweighted
return. Not bad. Most mutual funds managers like to spread the risk
over several companies and wouldn't take the chance of overweighting
in MSFT, INTC etc. the way the index does.

BTW the manager for BENGX is fairly new and she is doing a great job.