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Article: INVESTMENT TRENDS; Line between growth, value funds gets fuzzy; GE, which has appeared in both indexes, among stocks to look at, adviser says
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- December 5, 2005
- Author:
CopyrightCopyright 2005 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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General Electric Co. was the biggest stock in the Russell 1000
Growth index on Dec. 31, 1999.
Five years later, GE was back again as the biggest stock in a
Russell index, but this time it was the Russell 1000 Value index.
Nine months later, on Sept. 30, GE was back in the Russell 1000
Growth index.
The appearance of the Fairfield, Conn., conglomerate in both
indexes which theoretically represent opposite investment styles is
an indication of a growing trend.
The distinction between growth and value is blurring.
"When you look at some of these firms, you can have a growth
manager and a value manager apply very different processes and end up
owning the same stock," said Maureen Busby Oster, ...