rosen@gypsy.UUCP (06/05/85)
> > Does anyone know how I might obtain a prospectus for the > mutual fund Sequoia Fund? > I may be wrong about this, but according to the latest issue of Forbes magazine, this fund is closed to new investors. Also closed is the Vanguard Windsor and Penn Mutual funds plus a few others. Closing funds seems to be in vogue of late. There is actually a semi-sophisticated economical reason for these closings (too detailed to go into). Keep your eye open for articles in Forbes magazine which rate funds, this will help you select a good alternative. All of these funds have very outstanding track records which accounts for the strong flow of money into them and hence, the sudden closings. Steve Rosen Siemens Research and Technology Laboratories Princeton, NJ USENET: {ihnp4|princeton|adrvax}!siemens!rosen ARPA: princeton!siemens!rosen@TOPAZ