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<a href="http://www.accessmylibrary.com/article-1G1-106876277/msdw-buys-verizon-fannie.html" title="Facts and information about MSDW Buys Verizon, Fannie Mae And BEA Fund group is big seller of Intel, Pfizer and Cisco in 3rd quarter.(B)(Mutual Weekly Special)">MSDW Buys Verizon, Fannie Mae And BEA Fund group is big seller of Intel, Pfizer and Cisco in 3rd quarter.(B)(Mutual Weekly Special)</a>
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MSDW Buys Verizon, Fannie Mae And BEA Fund group is big seller of Intel, Pfizer and Cisco in 3rd quarter.(B)(Mutual Weekly Special)
Byline: Leo Fasciocco
Investor's Business Daily
The Morgan Stanley Dean Witter fund family was a big buyer of Verizon Communications in the third quarter.
The buying had a touch of bargain-hunting to it. The stock rose smartly from its third-quarter levels through December, but has since corrected.
Morgan Stanley runs $75.2 billion in mutual fund money. The fund family tends to spread its investments across a wide range of industry groups. Telecom was its biggest a
rea of buying in the third quarter, the latest period that data was available.
Morgan Stanley made an aggressive bet by quadrupling its stake in BEA Systems. The company makes e-commerce software. It continues to show strong earnings growth.
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