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Steel path master limited partnership,mlp mutual fund,mlp


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Nowadays, while evaluating and selecting the best performing mutual funds, investors look at the fund performance for 6 months to a year down the road. The highest performing mutual funds in 2010 have surprised many investors and investment pundits due to its negative correlation with the recent past.

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Steel path master limited partnership,mlp mutual fund,mlp

  1. 1. Steel Path - Master Limited Partnership,MLP Mutual Fund,MLPAuthor : Jim Knight What Are The Highest Performing Mutual Funds In 2010Nowadays, while evaluating and selecting the best performing mutual funds,investors look at the fund performance for 6 months to a year down the road. Thehighest performing mutual funds in 2010 have surprised many investors andinvestment pundits due to its negative correlation with the recent past.The following were the highest performing mutual funds in F.Y 2010 • Templeton Global Bond advantage • Oakmark International Fund • T. Rowe Price Blue Chip Growth Fund • Dreyfus International Bond • American Century Global Gold ATempleton Global Bond advantageOne of the top performers in the bond mutual fund segment in 2010 was theTempleton Global Bond advantage. This fund seeks current income with capitalappreciation and growth of access. The fund normally invests at least 80% of netassets in bonds including debt securities of any maturity, such as bonds, notes,bills and debentures. In 2010 it was able to achieve returns of 9.88% with aabsolute growth of 81.41%.Oakmark International FundThe $6 billion Oakmark International fund reduced their exposure in the emergingmarkets to about 5 percent and focusing instead in finding promising stocks introubled economies like Japan and Europe. Emerging-market equity fundsreturned 19 % to their investors in 2010. They attracted more than $92 billionfrom investors compared to $180 billion by the bond funds.T. Rowe Price Blue Chip Growth FundT. Rowe Price Blue Chip Growth fund invests 80 percent of its assets in large and
  2. 2. mid cap blue-chip growth companies that have the potential for above-averageearnings growth, while sometimes seeking out companies that will have goodprospects for dividend growth. As of January 05, 2011, the fund has assetstotaling to $11.35 billion.Its portfolio mostly consists of holdings in U.S. large cap companies. As of theend of June, Apple, Google, Amazon and American Express are all listed amongthe funds largest holdings. The fund has owned Google and Goldman Sachs sincetheir respective IPOs. T. Rowe Price Blue Chip Growth fund was able to give aCAGR of 16.4% in 2010.Dreyfus International BondDreyfus International Bond fund normally invests at least 80% of assets in fixed-income securities. It also invests at least 65% of its assets in non-U.S. dollardenominated fixed-income securities of foreign governments and companieslocated in various countries, including emerging markets. The fund is allowed toinvest up to 25% of its assets in emerging markets. The investment seeksmaximize total return through capital appreciation and income. This fund wasable to perform very well last year in a downtrend market. The fund gave areturn of 7.43% in 2010.American Century Global Gold A fund (ACGGX)American Century Global Gold A fund (ACGGX) was able to give a return of28.43% in the last year. The fund manager Mr. William B. Martin has beenmanaging this fund since 1992. The lion share of its assets is invested insecurities issued by gold firms. The fund purchases both domestic and foreignmarkets, including those issued from developing markets. This fund was set up inorder to achieve both current income and capital growth, which it also was able tooffer in the turbulent times last year.For more information, please Click Here The History Of The New York Stock Exchange“One belongs to New York instantly, one belongs to it as much in five minutes asin five years.” - Thomas Wolfe (1900-1938), American short story writer andnovelist.New York has often been described as the center of world business, and if it beso, there’s no questioning what is its throbbing heart - the New York Stock
  3. 3. Exchange (NYSE). For some time now, no company can be said to have truly“arrived” until it was listed on the NYSE. Here then, is a short history of theNYSE’s long and illustrious career as the barometer of the nation’s, indeed theworld’s, financial health.The history of the NYSE can be said to have begun in 1792, when twenty-fourprominent brokers and merchants gather on Wall Street to sign the ButtonwoodAgreement, agreeing to trade securities on a achievement basis. At that time,Bank of New York became the first company to be listed on the New York Stock &Exchange Board.The first base of operations was at 40 Wall Street in a rented room, which waseventually destroyed in the Great Fire of New York in 1835. In 1863, the nameNew York Stock Exchange was adopted, and in 1865, it moved to 10-12 BroadStreet. As trading multiplied over the next four decades, a larger building wasrequired, and finally inaugurated on on April 22, 1903.Over the next few decades, the Garage, the Blue Room, the Extended Blue Roomand the Bond Room were added. As electronic trading gained popularity, theNYSE decided to close down many of the rooms that had been added by earlierexpansions.Currently, the NYSE is operated by NYSE Euronext, which was formed by theNYSEs 2007 merger with the fully electronic stock exchange Euronext. Thismerger brought together major marketplaces across Europe and the UnitedStates with histories stretching back more than four centuries. The combinationwas by far the largest of its kind and the first to create a truly global marketplace.Even as the NYSE developed into the marketplace of the world, it wasn’t allsmooth sailing. One of the first shocks occurred when President Abraham Lincolnwas assassinated in 1865, leading to the exchange being closed for around aweek. Then, in 1920, a bomb exploded outside the NYSE, killing 33 people andinjuring more than 400. The scorch marks are still visible on the building.October 24, 1929 marked the Black Thursday crash at the NYSE, leading to thethe sell-off panic which started on Black Tuesday, October 29 and oftenconsidered the initiator of the Great Depression. On October 19, 1987, alsoknown as Black Monday, the benchmark index (Dow Jones Industrial Average)dropped 508 points, a 22.6% loss in a single day.There was also the Mini-Crash of 1989 on October 13, 1989 when a UAL dealwent bust, causing the Dow to fall 190.58 points, or 6.91%. The Asian FinancialCrisis led to a 7.18% drop in value (554.26 points) on October 27, 1997. Therewas a sudden 998 point drop on May 6, 2010 but the markets reboundedimmediately.
  4. 4. In spite of these hiccups, the NYSE has progressed on its way as the predominantstock exchange in the world with the market capitalization of its listed companiesat totaling $11.92 trillion as of Aug 2010.For more information, please Click Here