Black-on-black investing.Q I am interested in investing in stocks of minority-owned businesses and wanted to begin by reviewing some of BE 100s companies. Are any of them publicly traded? --Chemica Brown Chicago A The majority of the nation's largest black-owned businesses that BE ranks annually are privately held. There are, however, quite a few companies on our BE INDUSTRIAL/SERVICE 100, BE BANKS, and BE ASSET MANAGERS' lists that trade publicly. These companies include Radio One Inc. (Nasdaq: ROIA), one of the nation's largest African American-owned broadcast companies as well as Carver Bancorp Carver Bancorp, Inc. is the holding company of Carver Federal Savings Bank. It is a public company, and notable for being the first and only black-managed bank on NASDAQ and one of only 11 black-managed publicly traded companies, making it the largest black-owned (AMEX AMEX See: American Stock Exchange : CNY CNY In currencies, this is the abbreviation for the China Renminbi. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) and Broadway Financial Corp. (Nasdaq: BYFC), which rank among the top 15 bank-holding companies in the nation. You don't have to limit your investment to the largest black-owned concerns, however. When you click to our Website, www.black enterprise.com, you can find even more companies on our Black Stock Index, complete with their tickers and stock prices. And most of the companies listed on the BE ASSET MANAGERS list offer investment vehicles that can be found on our Black Mutual Funds Index. For instance, Brown Capital Management, No. 2 on the list, runs Brown Capital Balanced (Nasdaq: BCBIX), Brown Capital Equity (Nasdaq: BCEIX) and Brown Capital Small (Nasdaq: BCSIX) while Ariel Capital Management Inc., No.3 on the list, manages the top-ranked Ariel (Nasdaq: ARGFX) and Ariel Appreciation (Nasdaq: CAAPX) funds. In fact, Chapman Capital Management, No. 16 on the list, offers DEM See digital elevation model. Equity Investor (Nasdaq: DEMEX), a fund that specifically targets minority-controlled companies within its portfolio. Mail your finance questions to Ask B.E., BLACK ENTERPRISE, 130 Fifth Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011, or send an e-mail to dingled@blackenterprise.com. |
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