Managers find potential for profit in leisure funds
Article Abstract:
Despite the general economic downturn in Asia and the U.S., leisure funds continue to be profitable due in part to their diversity. The Consumer Discretionary Index, down 3.06% as of August 10, has out-performed all other MSCI industry indexes this year. Economic analysts note that even during hard times people still spend their extra money on food and and some entertainment activities.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Money managers recognize the need for more offerings
Article Abstract:
The mutual fund industry in Hong Kong is in a slump, with June sales of $35.74 million falling from May's record of $963.47. Money managers are not panicking about the dropoff; rather, they are planning new features and innovations for mutual-fund products to attract investors.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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