Funds Go Cable Shopping

Farrell, Mike
November 2009
Multichannel News;11/30/2009, Vol. 30 Issue 44, p19
The article reports that the four largest cable space mutual funds in the U.S. are taking advantage of the low-priced stocks in the third quarter (Q3) of 2009. It notes that Capital Research Global Investors bought 14.9 million shares from AT&T Inc. while Capital Guardian Trust purchased 1.2 million shares from Scripp Networks. Meanwhile, Janus Capital Management sold its 11.8 million shares of Comcast class-A stock while FMR LLC sold its 28.2 million Verizon shares.


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