Truth's in the eye of the fund holder
Article Abstract:
It is very difficult to obtain reliable information about investment fund performance. This is because those responsible for marketing investment funds manipulate information to ensure that their funds appear in a positive light. The only fair way to evaluate a fund manager's performance is to judge the manager's track record against a suitable benchmark. This is usually a market index matching the style of investment the fund manager is pursuing. On this basis, smaller company funds are now beginning to outperform large-cap stocks for the first time for a long time.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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The Vanguard way to fund management
Article Abstract:
Vanguard Group, formed in 1976, can be seen as having created the most successful fund management operation of modern times. It is unique among US mutual fund concerns in that it is managed as a mutually owned business, with no controlling shareholders. It has been among the pioneers in the growth of 401K pensions, and has seen its assets expand from $250 billion in 1996 to just under $490 billion at present. It has gained many awards for its high customer service standards.
Comment:
Has reported that its assets have grown from $250 bn in 1996 to nearly $490 bn today
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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