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Conference nyoss1::market_investing

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

77.0. "Fidelity Short Term World Income Fund (no-load)" by MCIS2::SCHULMAN (SANFORD) Mon Feb 24 1992 12:03

    Just received an info packet from Fidelity on their "Short Term World
    Income Fund", and was looking for analysis by the more "experienced"
    investors in this conference.
    	Your nickel/two cents would be appreciated.
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77.1NYFDIN::SAMBAMURTYRajaTue Feb 25 1992 14:1711
    The point that I didn't like about this fund is that, atleast 25% of
    the fund must be in the financial sector (of course this could be good
    if the world-wide interest rates start going down). Also, the real
    yield is (could be) 2-3% less than the advertised (I forget the exact
    reasons, but it has something to do with currency de-valuations; the
    week I called the real yield was ~6% while the advertised yield was ~9%
    and I think this was because of currency devaluation in, I think,
    Finland). Scudder has a similar fund and they don't have any
    restriction (I am not sure if its any better than Fidelity's fund).
    
    Raja