Printer Friendly

TAX-FREE FUND OF COLORADO RANKED 'THE BEST ONE-STATE FUND' IN COLORADO BY FORBES MAGAZINE'S '92 ANNUAL MUTUAL FUND SURVEY

 TAX-FREE FUND OF COLORADO RANKED 'THE BEST ONE-STATE FUND'
 IN COLORADO BY FORBES MAGAZINE'S '92 ANNUAL MUTUAL FUND SURVEY
 DENVER, Sept. 1 /PRNewswire/ -- Tax-Free Fund of Colorado was ranked as "the best one-state fund" in Colorado in Forbes magazine's Aug. 31 edition featuring its Annual Mutual Fund Survey. Performance criteria measured total return over the last five years, as experienced through both good and poor securities markets.
 "Stability was one of the key criteria Forbes used in their selection process, which is one of the primary investment objectives of the Fund," said Christopher Johns, the Fund's portfolio manager for the last five years. "Low expenses to shareholders was another point Forbes considered, which also helped our ranking in the survey. In terms of performance, the Fund is managed very conservatively with specific emphasis upon high-quality municipal bonds. High quality plus low expenses pay off over the longer term for investors."
 "The Fund has grown to over $160 million in assets and 4,100 investors statewide to become the largest single-state municipal bond fund in Colorado," commented Lacy Herrmann, the Fund's chairman of the board of trustees. "It offers Colorado investors a vehicle to benefit from a conservatively managed, double tax-free investment through a relatively low initial investment. At the same time, investors in the Fund can feel good knowing their dollars are being used to build and maintain vital public facilities which finance economic development and improve the quality of life in Colorado."
 The Tax-Free Fund of Colorado commenced operations in mid-1987 with $100,000 and has grown to its current size of over $160 million in assets. Aquila Management Corp. founded the Fund and serves as its administrator. Aquila has five other single-state municipal bond Funds located in Hawaii, Oregon, Arizona, Kentucky and Utah. Total assets in these funds exceed $1.3 billion. Investment information for the Tax- Free Fund of Colorado can be obtained from investment brokers across the state.
 -0- 9/1/92
 /CONTACT: Scott Brooks or Wayne Brown both of Carl Thompson Associates, 303-494-5472/ CO: Tax-Free Fund of Colorado ST: Colorado IN: SU:


MC -- DV002 -- 5361 09/01/92 10:50 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 1, 1992
Words:356
Previous Article:FRANKLIN QUEST CONCLUDES FISCAL YEAR -- EARNINGS TO MEET ESTIMATES
Next Article:MOBIL LUBE EXTENDS LIFE OF SHUTTLE ASTRONAUTS' SPACE SUITS
Topics:


Related Articles
TAX-FREE FUND OF COLORADO ANNOUNCES PROPOSED CHANGE IN INVESTMENT ADVISER
ST. CLAIR MUTUAL FUNDS MERGE WITH AMBASSADOR FUNDS
VOYAGEUR COLORADO TAX-FREE FUND MAKES BUSINESS WEEK'S BEST BOND FUND LIST
VOYAGEUR ARIZONA INSURED TAX-FREE FUND MAKES BUSINESS WEEK'S BEST BOND FUND LIST
MONEY MAGAZINE NAMES VOYAGEUR BEST TAX-FREE FUND IN COLORADO
MONEY MAGAZINE NAMES VOYAGEUR BEST TAX-FREE FUND IN FLORIDA
MONEY MAGAZINE NAMES VOYAGEUR BEST TAX-FREE FUND IN MINNESOTA
MUTUAL FUND FAMILY NOW CALLED 'NORWEST FUNDS'
COLORADO PUBLIC FINANCE EXPERT SPEAKS ON AMENDMENT 1, BONDS ON NOVEMBER BALLOT
NORWEST INCOME STOCK FUND RANKED NUMBER ONE BY LIPPER

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters