Investors ruch to mutual funds

Article Abstract:

A record $40 billion went into stock funds in Jan 2000, according to the Investment Company Institute, the funds' trade group. The Jan 2000 figures, which follow a strong $27 billion in Dec 1999, broke the previous record of $28.5 billion in Jan 1997. Moreover, at Charles Schwab, US biggest discount broker, investors also poured a record $3.1 billion into stock funds in Feb 2000.

Sales & consumption

---

Investors pour money into S&P 500 index funds

Article Abstract:

Mutual funds that imitate the Standard & Poor's 500-stock index continue to be popular with investors, according to Lipper. S&P 500 index-like funds received $4.4 billion in new money in Feb 1999, compared to only $758 million for other types of fund. S&P 500 funds are popular because they have been delivering higher returns than other funds over the past five years: an average 202% return versus 145% for the average growth fund and 137% for growth-and-index funds.

Market information - general

---

Similar abstracts:

• Abstracts: Investors dump DoubleClick on inquiry report. Facing breakup, Gates to take case to people. Surfer beware: advertiser's on your trail
• Abstracts: Competitive job market locks out former offenders. Ford employees to get computers. Companies recruiting former employees
• Abstracts: Ford's heir apparent joins next CEO in dynamic duo. GM, Ford eye import brands for trade group. 'More of the same' from GM?
• Abstracts: Deeper discounts replacing car stickers shock. Saturn satisfaction loses its ring. Even Web buyers should kick the tires

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.