Word: lipper
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...Three. The no-load funds do a good investing job. Last year three no-load funds ranked one-two-three in growth among all the 526 funds rated by Manhattan's Arthur Lipper Corp. Another four no-load funds were in the top 15. Growth Fund Research Inc., a San Clemente, Calif., research firm, figures that $10,000 invested in an average no-load fund in 1949 would have grown to $96,246 by the end of 1970, assuming reinvestment of all capital gains and dividends. The same amount of money invested in an average loaded fund would have...
...funds have been performing poorly lately. During this year's first half, the composite in dex of shares listed on the New York Stock Exchange dropped an average 8%. The decline for mutual funds was close to 12%. Of the 369 funds ranked by Manhattan's Arthur Lipper Corp., only six managed to post any gains...
...casual glance at investment statistics might suggest that 1968 was a vintage year for mutual funds. Most of them outperformed the market and, overall, the assets of 300 U.S. funds grew a healthy 22%, from $45 billion to $55 billion. Of 307 funds surveyed by Manhattan's Arthur Lipper Corp., 285 did better than the Dow-Jones average of 30 blue-chip industrial stocks, whose average 4.3% growth barely kept abreast of inflation. Altogether, 238 funds topped the 9.4% gain of the New York Stock Exchange's index of all its 1,249 common stocks...
...Steven Lipper '64 has won the Elizabeth Wilder Prize for the highest examination mark in elementary German in the middle of the freshman year...
Russia and Communism were getting to be known quantities instead of bogeymen. Edward Crankshaw's Cracks in the Kremlin Wall expressed one expert's judgment that Russia is feebler than supposed. Other careful books exposed Communism in practice. Margarete Buber (Under Two Dictators), Elinor Lipper (Eleven Years in Soviet Prison Camps), Zbigniew Stypulkowski (Invitation to Moscow) and Gustav Herling (^4 World Apart) were all graduates of Soviet prisons, and wrote of their experiences with skill. The reissue of French Traveler Astolphe de Custine's book of a century ago, Journey for Our Time, reminded moderns that, then...