If Spitzer's allegations prove true, it's a clear indication that all four fund firms were willing to put their companies' own profitability ahead of the interests of their fund shareholders.
More Quotes from Christine Benz:
They're not chartbusters, and that's what gets funds noticed, ... (But) there are plenty of funds that haven't garnered a lot of assets and are good investment vehicles all the same.Christine Benz
It's hard to say whether he's making brilliant choices because it's hard to go wrong in Internet stocks, ... It's hard to say whether he's a good stock picker or just lucky.
Christine Benz
Some at Fidelity in top management view it as a concern.
Christine Benz
A lot of the large growth stocks are taking a breather.
Christine Benz
Leverage has been a profitable trade in the past and it has allowed many closed-end funds to deliver very compelling yields, but the risk is your total return could suffer. Leverage can cut both ways it can magnify your gains but it can also accentuate your losses. ... On the flip side, if you are delving into these more unusual strategies, one could argue the closed-end format lends itself to them pretty well, because your manager is not having to redeem shares everyday.
Christine Benz
Readers Who Like This Quotation Also Like:
Based on Keywords: spitzersIf one sees the American Nightmare first and Chainsaw after that, you'll see it in a different kind of light.
Tobe Hooper
I would like to stress here that a lasting peace in the Chechen republic and so-called peace talks with the bandits are not the same thing, and I would ask everyone to make no mistake about that.
Boris Yeltsin
I ordered gold in the meantime to be showered down without ceasing among the happy multitude.
Adelbert von Chamisso