Word: indexers
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Unfortunately for the industry, one of the most popular ideas, at least for now, is to have practically no manager at all. Nearly one out of every five new investment dollars is now going into low-cost index funds, which automatically mirror the performance of benchmarks like the Standard & Poor's 500. Already this year $18 billion has flooded into Vanguard, the behemoth that pioneered the practice. Says John Rekenthaler of funds researcher Morningstar. "Indexing is an ongoing challenge that most of the competition is not facing...
...doesn't necessarily mean it's time to leave the party. Net funds are still posting strong overall gains for '99, and some analysts last week were saying that com stocks had hit bottom. Nerves still frayed? Salomon Smith Barney just introduced a bond (pegged to thestreet.com's Net index) that lets you play the Net game with a little peace of mind. Minimum redemption upon maturity in 2006 is $9 on the $10 note, no matter how far the index drops. The flip side: if the bond is called in 2005, returns...
...kids, the end of quality time is nigh. The bigwigs at Nasdaq have set in motion a plan to conduct an evening trading session, allowing brokers and online investors alike to buy and sell the index's 100 largest stocks from 5:30 until as late as 9:00 or 10:00 p.m. E.T. "This is very much a product of the stock-crazed world that we're living in right now," says TIME Wall Street columnist Daniel Kadlec. "A bear market in the next month or two, and this plan will quietly go away -- temporarily. In the end, though...
Boom! The U.S. economy is still sizzling, growing at 4.1 percent annually in the first three months of the year, with inflation still fizzling, by one measure, at 1.1 percent. Boom! Corporate profits and housing starts are both headed up again, and the all-important drunken-sailor index -- consumer spending, which accounts for two-thirds of U.S. economic activity -- rose at an annual rate of 6.8 percent, the highest in 11 years. Bust! The Dow drops 267 points, taking plenty of Nasdaq e-stocks with it, and Wall Street is pocked with potholes once again. What's going...
Still, says Schrempp, "our toughest times are ahead." Last year, in a move that still draws an angry reaction from Schrempp, DaimlerChrysler was refused admission to the Standard & Poor's 500 index--important because inclusion would make the company's stock a must-buy for many money managers. The majority of the company's shareholders are now in Europe, though the largest stake is controlled from Kuwait. Another concern is contract negotiations this summer with an increasingly feisty United Auto Workers union. In Europe the economy still trails Schrempp's ambitious expectations, and so do sales of the Smart...