OLD Media Moves

FT cuts offshore mutual fund listings, and this investor is peeved

November 2, 2006

The Financial Times has apparently cut the listings of offshore mutual funds in its North American edition, and Eric Roseman, editor of the Global Mutual Fund Investor, a monthly newsletter that tracks such investments, isn’t happy about the change.

Eric RosemanRoseman wrote, “So what happened to that broad survey of 4,000 offshore funds in the Financial Times’ North American edition? Maybe the publisher decided to make room for more international stock listings; or perhaps they decided to simply pull the plug on offshore funds altogether for their North American readers because the funds are not registered with the securities authorities in the United States or Canada. But if that’s the case, then why does this section still circulate in other countries where none of those funds are registered, except maybe Luxembourg, Ireland or the Caymans? I can’t help but feel that there’s a greater reason for stripping away that lucrative data.

“The best sources now for tracking offshore mutual funds, which number over 54,000 products, is still The Financial Times. But to get a copy of the non-North American edition, is a hassle. I suggest having a friend, relative or associate overseas send you a copy every other month.”

Read more here.

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