Word: short
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Dates: during 2000-2009
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While investors in those funds should feel euphoric, S&P is quick to issue a warning to investors who might fall victim to those seductive returns. The S&P report, issued Friday, indicates that many of the best-performing funds relied on short-term strategies and paid little attention to the underlying fundamentals of the stocks in their portfolios, which could lead to a performance problem in 2010. "Using only a backward-looking approach to selecting funds [i.e., past performance] has significant flaws because it ignores the fundamentals of the stocks owned by the fund along with relevant risk...
...effectively placing them in the bottom half of funds on overall attractiveness. "These funds have relatively weak fundamentals that contribute negatively to the ranking," S&P's analysts note in their report. The reasons cited for such low star rankings: many own overvalued or risky stocks, have managers with short tenures, have high costs or offer poor long-term performance...
...also noted that he's been managing the portfolio since 1999, which should wipe out concerns about "short tenures...
Reebok is playing catch-up with MBT, short for Masai Barefoot Technology, which since 2004 has sold more than a million pairs of toning shoes in the U.S. with soles shaped like the bottom of a rocking chair...
...collection of essays, interviews and short fiction, In Search of Sita, looks at every angle of this complex figure. Sita is a paragon of chastity and beauty but also courage, surviving a trial by fire (the agni pariksha) to prove her faithfulness to her husband Rama. (See pictures of India's history...