MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, January 31, 2000 Odd Lots, January 31, 2000 One size doesn't fit all From The Wall Street Journal 80% of financial firms are expected to offer advice on the Web this year. But a recent study by Forrester Research suggests that online advice might not be such a great thing for investors. What's missing is the human touch. Online advice doesn't address complicated issues, such as how to pay for college educations or invest windfall gains. Unless advisors can personalize their product, the digital breakthroughs could backfire, the study concludes. I am woman, hear me roar From CBS Marketwatch.com Socially responsible investing is moving into the mainstream, with investments totalling $2 trillion, according to the Social Investing Forum, up 82 percent from 1997. Women are leading the charge. "There is a whole movement of women educating themselves, and they tend to be more interested in social issues," says Patricia Farrar-Rivas of U.S. Bancorp Piper Jaffray. "I see much more of a tendency of my female clients to want to do SRI, and also encourage their partners to do so." It doesn't hurt that socially responsible funds post returns comparable to the fund market as a whole. International Discovery closes From Morningstar As the MFWire.com reported on Friday, American Century has closed its International Discovery Fund to new investors. The small-cap foreign-stock fund has attracted $800 million since the end of November. According to American Century, the fund closed to help it maintain its small-cap focus. Although the fund loosened its investment rules to account for its increased size, the managers found they couldn't trade without affecting stock prices or violating SEC rules that limit funds from holding more than a certain percentage of any given company. For the year ending January 27, the fund posted a return just under 100%. Printed from: MFWire.com/story.asp?s=25498 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |