Markets stunt growth

Article Abstract:

Mutual funds' corporate earnings from Feb 29, 2000-Feb 28, 2001 dropped as much as 64%. These include the biggest and most popular funds, such as MFS Emerging Growth Fund, Janus Enterprise Fund and Kobrick Capital, which for the past 12 months their earnings have fallen 41%, 58% and 64%, respectively. Some of the factors attributed to the decline in earnings include low cash, rapid slowdown in economy, too much investment in technology companies and overenthusiasm.

Investment Companies

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All but a handful of brokers set for Y2K

Article Abstract:

All securities companies, with the exception of 10 brokerage firms, said they are ready for the Y2K problem. The 10 companies have already notified the Securities and Exchange Commission (SEC) about their unpreparedness. The SEC announced that the companies that are not yet Year 2000-compliant by Nov 15, 1999, shall cease operations on Dec 1, 1999, and investors' accounts will be transferred to other brokerages.

Investment Banking and Securities Dealing, General services, Securities Dealers

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Some fund investors feel ready to enjoy stock gains

Article Abstract:

The total amount of new money flowing into stock mutual funds through June 30, 1999, reached $96 billion, down by $34 billion from $124.6 billion netted in the same period in 1998. During the period, investors bought $451 billion worth of stock fund shares, up by 23.6% from the same period in 1998. However, investors also increased their sellout of stock fund shares by 51% from $243 billion to $367 billion.

Mutual Funds (Open End), Open end mutual funds

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