IPO mutual funds?
#2
dɐɹɔ ǝɥʇ ʇɐɥʍ
If you look at most decent mutual funds and read their prospectus you will see they typically are invested in a large number of different types of companies, young and old. That is the benefit of mutual funds, even with a smaller amount of money your playing a very diverse field. An IPO only mutual fund would be hard to sell to clients due to the obvious risk, which is against what make mutual funds so good for so many people. I am sure there are some IPO's purchased by mutual fund managers but its probably going to be in a growth/income funds or in a very small percentages compared to the other things they buy.
If all you want to do is invest in IPO's why not just do it on your own, you don't need 20+ years of money managers experience to help.
If all you want to do is invest in IPO's why not just do it on your own, you don't need 20+ years of money managers experience to help.
Last edited by Tireguy; 01-29-2006 at 09:49 PM.
#4
likes it raw
Here you go:
http://www.ipohome.com/ipoplus/ipoplus.asp
$5,000 minimum investment
Sounds like a winner...
"13.14%, -17.56% and -0.41% were the IPO Fund's one- and five-year average annual total returns and the average annual total return since inception (12/19/1997) through 12/31/2004. "
http://www.ipohome.com/ipoplus/ipoplus.asp
$5,000 minimum investment
Sounds like a winner...
"13.14%, -17.56% and -0.41% were the IPO Fund's one- and five-year average annual total returns and the average annual total return since inception (12/19/1997) through 12/31/2004. "
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