|
|
Dreyfus Funds Incurring Large Losses
Dreyfus mutual funds have been hit hard this year.
Consider the Dreyfus High Yield Securities Fund. While other high yield funds are down only 7.18% in the 3rd Quarter, the Dreyfus fund is down more than twice that. That's because the fund "trolls" the secondary market looking for "special situations". So, the firm invested in CCC rated debt - below investment grade.
Also consider Dreyfus Aggressive Growth and Premier Aggressive Growth funds. Year to date, investors in those funds have lost 1/2 their money!
The reason? Several, but a main reason is that the fund's former manager was put on "paid administrative leave" amid a widening federal and New York probe of his personal trading practices.
Investors in any of these Dreyfus funds should consider their legal options.
Barron's, November 9, 1998
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Contact
|
Search
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
