How a nonprofit developed investment guidelines

Article Abstract:

A nonprofit organization was able to successfully develop investment guidelines despite the fact that it did not have the expertise or the money to hire an investment advisor. The board of directors decided to choose a mutual fund because this usually comes with an advisor and risks related to it can easily be controlled. Besides these advantages, a mutual fund allowed the not-for-profit to become a part of a big pool that can minimize loss if a bad decision is made regarding a certain stock. In selecting the proper fund, it was decided that it should be a growth or growth-and-income stock fund, not a specialty or international fund and not an individual stock. Moreover, the BETA should be lower than 11.0 and the Morningstar rating should be either 4 or 5. Although a fund had already been selected, the finance committee realizes that its work is not finished and is, in fact, a continuing task.

Open-End Investment Funds, Religious, Grantmaking, Civic, Professional, and Similar Organizations, Nonprofit Institutions, Management investment, open-end, Mutual Funds (Open End), Management, Investments, Nonprofit organizations, Open end mutual funds

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Cable TV industry

Article Abstract:

Stock price valuations for the cable TV industry have increased in 1998, but it is an open question whether this is justified, even though revenues have grown. Rate hikes for 1999 are expected to be lower than in previous years, but competition from direct broadcast satellites and cable telephony, along with the AT and T/TCI merger are other factors which need to be considered, as well. This stocks are in favor for 1999, but only for aggressive investors.

Finance, Cable television broadcasting industry, Cablevision Systems Corp., Comcast Corp., Shaw Communications Inc., CVC, CMCSA, AT&T Broadband and Internet Services Inc., TCOMA, TCA Cable TV Inc., TCAT

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Investment company industry

Article Abstract:

A selection of closed-end mutual funds is evaluated. Due to the funds' diversity, investors are advised to consider each fund separately, instead of trying to evaluate the funds as a group. Investors are further advised to purchase the discussed funds only when they are trading at prices that provide a historically wide discount to net asset value.

United States, Investment advice, Investment Advisory Services, Statistical Data Included, Financial services industry, Financial services, Securities, Investment advisers, Adams Express Co., ADX, Gabelli Equity Trust Inc., General American Investors Company Inc., John Hancock Patriot Premium Dividend Fund II, PDT, Liberty ALL-STAR Equity Fund, MFS Multimarket Income Trust, MMT, Nuveen Municipal Value Fund Inc., Salomon Brothers Fund Inc., Tri-Continental Corp., TY, ACM Government Income Fund Inc., Duff and Phelps Utilities Income Inc., Kemper High Income Trust, KHI, First Australia Prime Income Fund Inc., FAX, Royce and Associates

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