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The fund is expected to run out of money next year.
The fund is not the only one ever to focus on water.
They now make up about 25 percent of the fund.
The game has become much more difficult for big fund groups.
What will be done with the funds, however, is already decided.
But his fund is still up about 10 percent for the year.
He has put a lot of his own money into the fund.
So what in the world is the fund industry thinking?
The fund shot up nearly 6 percent in its first month.
Any fund can be hot for a year or two.
The four funds each hold between 150 and 550 issues.
So, which fund do you think will get the next great deal?
For one, funds need to have three years of history.
For some funds, the information could thus be 11 months old.
Private funds made up less than half of the cost.
Federal funds already support about 45 percent of the program.
Again, the information they need is reported to them by the funds.
He could not say, however, when those funds might be made available.
But he said those funds may be hard to find.
New York state alone took 11 percent of those funds.
The funds would be spent in 1989, 1990 and 1991.
What's difficult is to get the funds to pay for them.
He did not say where the funds would come from.
And within the last 12 months, these funds have taken off.
And performance is not the only thing a fund company looks for.