000			01449cam a2200229 4500
001			ABS64666
008			011018n2001 000 0 eng u
035			_a(Sirsi) u115185
100			_aPlender, J.
245			_aIt's time to moderate the herd instinct
260			_c2001
490			_aEstates Gazette _v(0141) 13 October 2001, 46(1)
520			_aAnalysis of the activities of fund managers in the context of the US stock market which finally slowed its growth levels after captalisation had reached 181% of gross domestic product. This is compared with a 60-year moving average of around 50%. Argues that fund managers sometimes aid the market overshoot by moving in the same way and time as their competitors to minimise their own business risks. Indicators that fund managers including those in the UK should have increased their allocation to property which may have provided better returns than equities. Believes there is no perfect remedy for the 'herd instinct' of some fund managers, but it would be useful if certain conflicts of interest could be solved such as when certain professional managers put their own interests before their obligation to beneficiaries.
590			_aABS
650			_aFUND MANAGERS
650			_aSTOCK MARKET CAPITALISATION
650			_aSTOCK MARKET
650			_aPROPERTY INVESTMENT
650			_aVENTURE CAPITAL
690			_aMANAGEMENT-BUSINESS MANAGEMENT-FINANCIAL MANAGEMENT
942			_n0
999			_c68605 _d68605