Word: mutuals
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Dates: during 2000-2009
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...Roosevelt Anti-Terror Multi-Cap Fund (ABMGF) launched what it claimed was the world's first mutual fund in the "terror-free investing" category, screening out the stock of companies that do business in Iran, Libya, Syria, Sudan and North Korea. Its investment choices have been independently certified by the Conflict Securities Advisory Group, a private research provider that maintains a list of some 485 largely foreign-owned companies that includes South Korea's Hyundai, the French oil producer Total and France's BNP bank, among others...
...British policies lacked justice. ''Justice?'' Lord Balfour said thoughtfully. ''There is not enough to go around.'' In the Middle East there is a permanent struggle over the meaning of justice, and the answering virtue of mercy is not much at home. The result has been a drama of mutual follies -- of fierce immobilities interlocked, shaken now and then by spasms of violence. In her book The March of Folly, Historian Barbara Tuchman argues that through the ages governments have shown a propensity to pursue policies contrary to their own interests. The first example of freely chosen disaster that she cites...
...want to buy a stock or mutual fund, I can call up my old friend the ob-gyn. I know three anesthesiologists who became financial analysts with investment firms. Two radiologists run imaging businesses, and a good orthopedist friend dropped out to put up magnetic resonance imaging (MRI) facilities. Each trained hard for at least nine years to join his field of medicine. In no case could leaving have been an easy divorce...
...hedge funds are often closed to new investors, meaning that newcomers are apt to get worse-than-mediocre performance while still paying 1% or 2% of assets and 20% of the profits to the managers. There is a cheaper alternative: just as Vanguard launched the first stock-index mutual fund in 1976, Wall Street firms are beginning to offer low-cost funds that mimic common hedge-fund strategies. The first get-together of this nascent "hedge-fund replication" industry is happening this month in London (official slogan: The clones have landed). Mediocrity doesn't have to be such...
...Central Television, the government TV network, last week aired a show warning citizens not to put up their homes as collateral for loans to buy stock. Authorities are doing more than jawbone. Bank lending for stock purchases was banned last month, and regulators temporarily halted the sale of new mutual funds...