SEC tells funds to report after-tax results
Article Abstract:
The US Securities and Exchange Commission is planning to require mutual funds to disclose their performance after taxes. Funds will have to reveal their one-, three- and five-year after-tax performances on prospectuses and some advertisements. The returns will be presented in two manners, namely, after taxes on distributions and after taxes on distributios and sale of fund shares. The formula assumes investors are in the maximum 39.6% tax bracket.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
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Low-profile Margolies masters market
Article Abstract:
Salomon Brothers Capital Fund Manager Ross Margolies' success in the mutual fund market may be attributed to his low-risk stock ventures. His portfolio lacks the popular tech stocks such as Cisco Systems and 10 other brand-name stocks that accounted for 5% of the 21% gain in the Standard and Poor 500 in 1999. His portfolio lists less-popular names such as Costco, Hormel, Federated Dept Stores, Safeway and Nabisco.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
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