Telecommunication driven utility funds gain steam on rate scene
The DC Circuit upholds court order allowing seven regional phone firms to publish and sell information, signaling a shift in utility funds toward telecom exposure. Big deals unfold with Time Warner stakes, MCI alliance, and Apple publishing plans, boosting yields and interest in telecom funded portfolios.
MENTIONED IN THIS ARTICLE
US Court of Appeals For
District of Columbia
U.S. West Inc
Time Warner
Entertainment
British Telecommunications PLC
MCI Communications Inc
British Telecom
North America
MCI
Apple Computer Inc
Ameritech Corp
BellSouth Corp
B.S. West Inc
Apple
Anthony Mayorkas
Morningstar Mutual Funds
Chicago
van Specialized Utilities
John E. Lennon
Colonial Utilities Fund
Lennon
Fidelity Select Telecommunications
Flag Investors
Telephone Income Trust
G.T. Global Telecommunications Fund
Growth in Chinese economy spawns funds
Chinese market growth spurs a wave of new funds and several closed end vehicles. The reach of China funds expands as investors seek exposure to a booming economy, but risks remain high amid currency moves, regulatory changes, and varying fund strategies. Major funds face premiums and discounts, with SEC rulings shaping access to Chinese issues.
MENTIONED IN THIS ARTICLE
China
China Funds
International Monetary Fund
United States
Mathews
Morningstar Inc
Chicago
Drang
Greater China Fund
Jardine-Fleming China Region
Pie ‘Ork Stock Exchange
Ali
Mas J. Herzfeld
Miami
Stock Exchange
Iia
Investment funds expand with Asia Dynasty and Southeast Asia launches
Total returns through May 31 for the two oldest Pacific region mutual funds show a China impact. Van Eck in New York introduced the Asia Dynasty Fund in April while Fidelity launched the Southeast Asia Fund, reflecting a renewed focus on Asia.
MENTIONED IN THIS ARTICLE
van Eck
New York
Asia Dynasty Fund
Fidelity
Ts Southeast Asia
Sniff and nibble cautiously at new mutual funds
New investors face a flood of fourth thousand funds. experts urge checking manager track records and fund company history before committing. Focus on long term performance and organization behind the fund. avoid overcommitting to a newborn with unproven pedigree.
MENTIONED IN THIS ARTICLE
Company Institute
Kurt Brouwer
San Francisco
Japan
A. Michael Lipper
Lipper
Brouwer Sa
Rowth Fund
Andrea Electronics Surges on Unexplained Trading Activity
Stock in Andrea Electronics jumps 50 percent daily amid speculation about a new device to suppress street noise on pay telephony. Company valued at about 117 million dollars after a prior quarter loss on 3.4 million dollars revenue. SEC questions linger as shares trade well above last fall’s 1.50.
MENTIONED IN THIS ARTICLE
Andrea Electronics
Andrea
GTE Corp
Andres
Betlcore
Bel
Riad
Securties and Exchange Commission
Analysts gush over Kelley bayou oil field discovery
In Louisiana the Kelley Oil Corp discovery sparked wild Wall Street debate over reserve size. Analysts boosted shares, short sellers pressed bets, and initial Kemper estimates shifted from 1.0 to 0.975 trillion cubic feet of gas and 18.75 million barrels of oil, highlighting how uncertainty in reserves shapes stock values.
MENTIONED IN THIS ARTICLE
Vanguard Wellington Fund NL Oss
Dean Witter Utilities
Franklin Cust
Utiities Phoenix
Shearson
Bag
Firelty Balances Nl
Rowe Price Inti
Far
Foregn Oas
Meni Gibi Alor
Kemper
ATS
Oppenheimer Global Fund
Kemper PrTot Rin
Int NL
Harber-international
Vanguard World
Nt Gro
Fidelity Ersaas If
Mem Biinv & Aatb. NL
Putham
A Lk
Utility
GT Global Europe
Oni
Rowe Price
George Putnam
Twentieth
CentSalanced
Fadelity Adv Inc & Gro
Putnam Lobal
Bie
Ee Nba ccKs
Metife
Gibt En
Gro.a
DFA Greent Se I Small Co
Wright Es NL
We Pagam Corp
European Income NL
European NL
Blancas Cy
Astral Resources
Lover
Kelley’s Bayou
Louisiana
Quiski Bayou
Wall Street
Kelley Oil Corp
Kelley Oil Gas Partners Ltd
Kelley
Kemper Securities
Janice Rudd
Kemper.ol Lysts
Fadel Gheit
Sherwood Research Group
Mobil
Also Mentioned on This Page
Eira
By Thomas Watterson
Boston Globe
Carole Gould
New York Times News Service
Change Commission
SEC
Newri Tiger
T. Rowe Ce
New Asia
Eran
I More
Merrit Lynch Dram Fund
Eaton Vance
Greater
Mom
Iger Newasa
T. Rows
Brouwer
Linper
Aysiu
Smates
Kaltey Ot
Corsarath
Kelley O11 and Gas Pannere Ltd
NY. Times Ne
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