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Article: Goldman Sachs Launches the Goldman Sachs Internet Tollkeeper Fund(SM); A Different Approach to Internet Investing.
- Article from:
- PR Newswire
- Article date:
- October 1, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Oct. 1 /PRNewswire/ -- Goldman Sachs Asset Management today launched the Goldman Sachs Internet Tollkeeper Fund, a specialty equity mutual fund investing in growth companies poised to benefit from the expansion of the Internet.
What is an Internet Tollkeeper?
-- Internet Tollkeepers include established telecommunications, media,
technology and Internet companies;
-- These businesses, like a toll collector for a highway or a bridge, have
the ability to grow revenue by increasing traffic (customers or sales)
and by raising tolls (prices);