SEC: don't chase fund performance

Article Abstract:

Securities and Exchange Commission Chairman Arthur Levitt warned investors not to be lured by mutual funds that reported 1999 gains of more than 100%. Levitt said that such gains will not probably be seen in 2000 and advised investors to look for funds that would satisfy their long-term goals. The official also said that funds touting their strong improvement could be posing a danger to most investors, who have not experienced a true bear market.

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Dull, boring money funds attract investors

Article Abstract:

Money market funds have attracted the strongest attention from investors in 1999 as $194 billion more were infused during the year as compared with the $187 billion invested in the usually-favored stock mutual funds. Considered as the second-most popular mutual fund in the 1980s, money funds solicited strong interest from investors although the stock market improved by 27% in 1999.

Money Market Invest Funds

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Tech stocks ignite record mutual fund returns

Article Abstract:

Lipper's 1999 Year-End Stock Fund Report shows that technology stocks had the biggest fund returns for the year. The fund tracker accounts that the stock price of an average technology fund rose 134.8%, which is considered the highest in 30 years. Among the top science and tecnology funds are Nicholas-Applegate Global Technology, Monument Internet A, Amerindo Technology A and PBHG Tech and Comm PBHG.

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