Malaysian fund thinks big
Article Abstract:
Malaysian equity-fund firm MBf Malaysian Fund is poised for growth, with the new management team pruning its portfolio to include only those which promise big yields. Company director and fund manager Charles Schmitt has reduced the fund's reliance on blue-chip holdings, reducing its holdings from 80% to 90% to 60% to 70%, and increasing its holdings on small-cap stocks to include firms which show a projected growth of 25% to 30%. Schmitt is also investing heavily in the stocks of Malaysia's banking and finance sector, which he believes may yield 20 times the projected 1997 earnings .
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Warrants pack a punch for Thornton Fund in Japan: new manager moves to more focused approach to better capitalize on bullish trends
Article Abstract:
Thornton Japan Warrants Fund posted a 102% profit for the quarter ending June 30, 1997. The report by Lipper Analytical Services Inc also confirms a stronger Japanese yen that bolster the dollar values of warrants. Warrants are risky investment papers that give investors the right to buy fixed-price shares on a future date. Analysts attribute the rise in Thornton's profit to the investment strategy of its manager, Campbell Gunn.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Comment about this article or add new information about this topic:
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