Thursday, May 10, 2012

Facebook ipo mutual funds

  • Most investors realize that unless they work for a big mutual fund or institution, they won't likely be able to buy shares of Facebook when it makes its debut late next week.
  • (MSN Money)
  • SAN FRANCISCO (MarketWatch) — Most investors realize that unless they work for a big mutual fund or institution, they won't likely be able to buy shares of Facebook when it makes its debut late next week.
  • (Yahoo Finance)
  • Plus, don't miss Jonathan Burton's Life Savings on why most mutual-fund investors shouldn't fear a Treasury bond bubble; read Therese Poletti for her take on why investors might want to sit out the Facebook Inc.
  • (Marketwatch)
  • Price owns more than 18 million Facebook shares in its mutual funds as well as in accounts it manages for clients, according to documents filed with the Securities and Exchange Commission.
  • (Baltimore Sun)
  • Facebook is an extraordinary company and its shares could easily march upward but its IPO is a timely reminder that amateurs should not be picking stocks (or even money managers such as mutual funds). The temptation to plunge into Facebook is understandable.
  • (Financial Times)
  • But high demand could be generated as co-founder and Chief Executive Mark Zuckerberg and other top executives attend a series of meetings with managers of mutual funds time of its 2004 IPO.
  • (The Christian Science Monitor)
  • The IPO could value Facebook at $96 billion will hold a series of meetings around the country with institutional investors such as mutual funds, hedge funds and pension funds.
  • (Sacramento Bee)
  • also gain exposure to Facebooks IPO by buying a stake in a number of funds that already own shares of the company. T. Rowe Price has a $408 million investment in Facebook, spread across 19 of its mutual funds, including the T.
  • (Click2Houston.com)
  • T. Rowe does not plan to sell any shares in the IPO, according to a Facebook SEC filing. T. Rowe's (NASDAQ: TROW) mutual funds held stock in Facebook that was valued at $191 million a year ago.
  • (The Business Journal)

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