Article Abstract:
Mutual funds obtained better-than-expected returns in 1999, particularly the 10 largest stock mutual fund families in the country. The 10 fund families collectively managed about 60% of all the money invested in US diversified stock funds. Of these 10, Janus had the highest average stock fund return of 79.2%. Second was AIM Advisors with 42.2%, closely followed by MFS Investment Management with 42.1%. Fidelity, which had the most assets in diversified US stock funds in 1999, had a 30.3% return.
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Article Abstract:
Mutual fund companies are cooking up a variety of incentives in an effort to distinguish themselves from the competition. Incentives range from free magazine subscriptions to discounts on ski-lift tickets. The incentives are being offered at a time when investors are getting more interested in individual stocks than in mutual funds. According to a Federal Reserve survey, the percentage of American families that owned individual stocks increased from 15% in 1995 to 19% in 1998.
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Article Abstract:
Mutual funds may not be as risk-free as investors believe although they are spending record amounts in mutual funds in 2000. Some funds have invested considerable amounts in technology stocks as they are under pressure to deliver market-beating returns. What is more alarming is that many mutual funds own the same stocks, which means that a portfolio of five or six mutual funds might not be as really diverse as it appears to be. Investors, however, may protect themselves with a number of suggested measures.
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