March 24, 1996 |
How can I get the addresses of mutual funds? One source is the reference section of your local public library. Ask for mutual fund directories or other mutual fund references, such as the Morningstar or Value Line mutual fund surveys. These publications include lots of details - including addresses - on hundreds of funds, as well as some easy-to-read commentary about how some individual funds have performed. Another source is an annual mutual fund directory published by the Investment Company Institute, the trade group for the mutual fund industry.
April 30, 1991 |
The economy may be in recession, but people who buy mutual funds apparently aren't worried. Mutual-fund sales have been astounding this year and show no signs of easing. In March, consumers put $15.8 billion in stock, bond and income funds, the Investment Company Institute, a Washington trade group, reported yesterday. That compares with total sales in February of $13.9 billion. March sales a year ago were $13.6 billion. Though sales figures for April are not available yet, early reports from mutual-fund companies show that the frenzy is continuing.
June 30, 1989 |
For the second straight month, mutual-fund sales, depressed since the 1987 stock market crash, showed strong signs of rebounding last month as individual investors moved back into stock and bond funds. Sales of stock, bond and income funds totaled $9.5 billion in May, up from $9.1 billion in April and $7.1 billion in May 1988, according to the Investment Company Institute, a Washington trade group. The figures, released yesterday, do not include short-term money market funds and short-term municipal-bond funds.
January 26, 1990 |
The Securities and Exchange Commission yesterday suspended for 10 days trading in the securities of Bolar Pharmaceutical Co. (AMEX), the generic-drug maker under fire on allegations it falsified safety claims. On Tuesday, a congressional subcommittee disclosed a letter from Bolar's attorneys that indicated the Coppague, N.Y., company apparently falsified documents about safety tests for its version of a popular blood-pressure drug. Bolar's anti-hypertension drug is the only generic version of Dyazide on the market.
September 27, 1996 |
Investors are cautiously moving back into stocks after a wild, unpredictable summer, judging by a study of mutual funds released yesterday. According to a monthly survey by the Investment Company Institute, investors put a fresh $17.93 billion into stock mutual funds in August - more than three times their contributions in July - bringing to $1.53 trillion the total assets in stock funds. July was the most volatile month of the year in stock prices, and some investors probably were frightened away, ICI economist John Rea suggested.
February 10, 1987 |
If you think an investment in mutual funds might be worth considering, you're ready to take the next step. Call one of the funds and ask for a prospectus. A good place to start might be a fund from the list of top performers accompanying these articles. Consider selecting from funds that are listed on the five-year or 10-year performance chart and that have investment objectives that appeal to you. Those listed are the best performers for those periods. A prospectus is free.
February 28, 1991 |
Despite the recession and a war in the Middle East, mutual funds got off to a record-setting start in January, industry officials said yesterday. The amount of money held in mutual funds increased by $59 billion in that month, to $1.129 trillion, according to the Investment Company Institute, a trade association in Washington. Much of that increase was the result of the rising prices of stocks and bonds. Then in February, mutual-fund investors reacted to the stock market surge by jumping back into mutual funds, especially stock funds.
March 1, 1989 |
Mutual-fund shareholders had reason to smile in January as rising interest rates and a surge in stock prices increased total fund assets by $28.3 billion, the second-largest gain since mid-1987. Total assets in mutual funds rose from $810.3 billion in December to about $838.6 billion in January, according to the Investment Company Institute, a Washington trade group. About half of the increase in assets came from investors who poured money into money market and short-term bond funds.
March 13, 1991 |
Mutual funds are hot. Philadelphia-area funds and brokers report near-record levels of mutual fund investment since mid-January when the tide turned in the Persian Gulf. Investors chasing a rising stock market and showing confidence in the economy are pouring billions into equity and bond funds. Many are seeking higher returns as deposit interest rates decline. New investment in all stock funds jumped 31 percent to $9.6 billion in January, the latest month for which national figures are available, according to Lipper Analytical Services Inc., of Summit, N.J., a mutual fund analyst.
January 28, 1991 |
Investors are heading for the shelter of money market mutual funds and other conservative investments in response to the Persian Gulf war. They began flocking to money market mutual funds several months ago and are continuing the trend since the outbreak of hostilities last week. Other investors are waiting out the conflict until market volatility dies down. Money market fund assets grew by $24.4 billion to $446.4 billion in the two weeks preceding the Jan. 15 U.N. deadline for Iraq to withdraw from Kuwait, according to the Investment Company Institute, a Washington, D.C., trade group.