Der größte Fonds der Welt und"cash at the sidelines"

verfasst von Lullaby, 18.01.2001, 09:51

BOSTON (Reuters) - Fidelity's Magellan fund, the world's largest mutual fund, suffering its first loss in six years in 2000, posted a 9.29 percent decline despite slashing technology holdings and boosting cash in the fourth quarter.

Magellan, along with most other stock mutual funds, also saw its asset level chopped in 2000, losing $12.87 billion, or 12.1 percent, mostly in the fourth quarter and due to declines in financial markets.

The gloomy results were disclosed on Wednesday in Fidelity's monthly mutual fund guide, which showed the decline in assets left Magellan with $93.07 billion in assets at year's end compared with $105.94 billion at the end of 1999.

The poor returns and loss of assets highlighted the difficult market environment last year, particularly in the fourth quarter as technology stocks plunged and a slowing economy dragged down stock markets and most mutual funds.

In addition to cutting technology holdings, Magellan manager Robert Stansky boosted cash to 4.2 percent from 3.7 percent. Magellan's cash level remained below the industry norm at the end of 2000.

The cash level in mutual funds rose to 6.5 percent in November, the highest level since November 1997, according to the Investment Company Institute, a trade group for the industry.


Will also heißen: a) eine Menge Geld ist verdampft (10 - 12 % scheint in etwa der Schnitt bei allen Fonds zu sein) und b) es steht wieder Cash bereit, möglicherweise nicht nur, um rückgegebene Anteil zu honorieren, sondern auch, um neu einzusteigen.

Mit diesem"Cash Level" wird vermutlich demnächst in Analystenkreise gearbeitet werden.

L.


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gesamter Thread:

• Der größte Fonds der Welt und"cash at the sidelines" - Lullaby, 18.01.2001, 09:51
  • Re: Der größte Fonds der Welt und"cash at the sidelines" - frank2, 18.01.2001, 18:10
    • Re: Der größte Fonds der Welt und"cash at the sidelines" - JüKü, 18.01.2001, 19:02
  • Re: Der größte Fonds der Welt und"cash at the sidelines" - Prospector, 18.01.2001, 18:17