Fund investors cringe as capital gains head their way
Article Abstract:
Mutual fund companies are required by law to distribute profits on the sales of their investments to shareholders by end of the year. In doing so, they are then required to pay capital gains on profits unless the funds are held in a tax-deferred account such as an individual retirement account. As of this year, there have been 102 fund distributions that exceeded 10% of the fund's share price compared to 32 a year ago.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Strong steps down as fund chief
Article Abstract:
Strong Funds chmn and founder Dick Strong has turned over day-to-day management of the Strong Discovery Fund to Charles Paquelet, the fund's co-manager since 1996. The fund has increased 11.6% since the beginning of the year and 35.3% for the last 12 months. Its long-term record is, however, still lower than its sector's investment return, registering 10.3% compared to 17% for the benchmark Russell 2500 index.
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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