Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: nyu notesfiles V1.1 4/1/84; site tilt.FUN Path: utzoo!watmath!clyde!burl!ulysses!allegra!princeton!tilt!stern From: stern@tilt.FUN Newsgroups: net.invest Subject: Re: want info on Dreyfus funds Message-ID: <13000003@tilt.FUN> Date: Fri, 4-Oct-85 16:32:00 EDT Article-I.D.: tilt.13000003 Posted: Fri Oct 4 16:32:00 1985 Date-Received: Sat, 5-Oct-85 07:13:11 EDT References: <1361@hound.UUCP> Organization: The Official Fun Machine of Princeton University EECS Lines: 14 Nf-ID: #R:hound:-136100:tilt:13000003:000:785 Nf-From: tilt!stern Oct 4 16:32:00 1985 A few words in defense of Dreyfus: They do not appear in the honor roll of funds because they never have a truly stellar year (in bull markets). By truly stellar I mean making it into the top one or two percent of all funds in existence. They do pretty well, though (speaking for A Bonds, at least). On the other hand, the Dreyfus Liquid Assets MM fund is one of the top five money market funds in the country: they maintain a shorter average maturity during periods of low interest rates, and move toward longer term paper when rates are at "higher" levels. In short, you move up the low rate -> high rate curve with the market, but when rates fall, the fund is locked into longer term paper that keeps it above the rest. Check out the past 18 months of Barron's to verify this.