Vorsicht bei JNPR u.a. - Zwangsverkäufe durch Fond

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12.11.03 14:42

42940 Postings, 8648 Tage Dr.UdoBroemmeVorsicht bei JNPR u.a. - Zwangsverkäufe durch Fond

7:28AM WSJ suggests dozens of stocks could get hit due to investor
                     withdrawls : The Wall Street Journal's "Heard on the Street" column suggests
                     dozens of stocks could get hit if investors continue to pull money out of fund
                     companies caught up in the mutual fund scandal. According to the article, assets
                     under management at Putnam Investments fell by a staggering $14 billion last week,
                     with $4 billion coming out of the firm's mutual funds. To help make up for the investor
                     withdrawals, Putnam said it sold stocks in its mutual-fund portfolios totaling $5 billion
                     to $7 billion, or 3% to 4% of its assets. The article notes this particular selling is of
                     concern as it could affect the prices of stocks in Putnam's portfolio and even hurt the
                     market in general. In addition, some stocks are particularly vulnerable given Putnam,
                     Janus, Strong and Alliance Capital collectively owning a hefty 24.6% of the shares
outstanding of auto parts maker LEA; almost 21% of ATN, which sells motor-sports  merchandise; 20.8% of cable operator CMCSA; and 19.7% of JNPR. Other stocks in  which the fund companies own large stakes include: SSCC (18.5%), KRB (17.7%), LAMR (17.4%), SYMC (16.4%), HMA (16.1%), WON (15.9%).


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