Financial-Sector Fund Winning By Relying on Exchange Stocks – Washington Post- About: Stock Trading News
Financial-Sector Fund Winning By Relying on Exchange Stocks – washingtonpost. That makes it all the more remarkable that Kinetics Market Opportunities, a financial-sector fund, gained 4 percent over the past year, a period during which the Dow Jones U. What started with subprime mortgages has spread to Citibank , Merrill Lynch , Fannie Mae and other giants of finance. What you will find is a wad of financial-exchange stocks, such as Nasdaq Stock Market, CME Group and London Stock Exchange . The new year hasn’t been kind so far to exchange stocks or Market Opportunities (KMKNX), which lost 22 percent in the first 10 weeks of 2008. Paul Mampilly, one of the fund’s co-managers, says the group has "been lumped in with the companies that are in the cross hairs of the credit problem because they are categorized as financials. read more
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