| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
Todays Times Business section had an article about Environmental Mutual
funds.
They recieved rather tepid coverage.
Some of the funds listed are below, any other followers.
FUND Returns in 1991
KEMPER ENVIRONEMNTAL SERVICES 24.2%
FINANCIAL STRATEGIC/
ENVIRONMENTAL SERVICES 18.7%
FREEDOM ENVIRONMENTAL 8.3%
FIDELITY SELECT
ENVIRONMENTAL SERVICES 7.7%
OPENHEIMER GLOBAL
ENVIRONMENTAL 3.4%
SCHIELD PROGRESSIVE
ENVIRONMENTAL -2.0%
The article stated underperformance of these funds. I expect them to
grow in 1992. Anybody share that perspective? Counter argument?
hy
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 35.1 | SUBSYS::GANESH | Ganesh | Mon Feb 03 1992 06:30 | 15 | |
I read someplace that these funds are more or less
a bet on rising oil prices (which as you know have
been at historical lows lately).
The argument goes as follows. When oil prices rise the
oil companies make good money. It so happens that
oil companies are some of the major customers of
environmental services and pollution control outfits.
The expectation is that the oil companies will spend
more money on such services during periods of high oil
prices in an attempt to avoid reporting huge profits,
which could be politically embarrassing.
Ganesh.
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