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Table: Funds That Take Their Cues From Computers


Personal Business: INVESTING

TABLE: Funds That Take Their Cues From Computers

FUND STRATEGY 3-YEAR RETURN*

FIDELITY STOCK Complex mathematical "black box" 18.65%

SELECTOR crunches reams of data and spits

out lists of stocks with aggressive

growth prospects at fair values.

QUANTITATIVE Model sorts data on small-cap stocks 30.96

NUMERIC every 30 seconds, looking for value

and rising earnings estimates. Turnover

rate is 350% a year.

VANGUARD Fund seeks sector weightings and risk 15.06

QUANTITATIVE characteristics of the S&P 500, but

better performance. Computer runs 3,500

stocks through 30 models.

VISTA GROWTH Seeking value plays, managers run a model 13.76

& INCOME monthly, narrowing down a list of 2,500

stocks, then following up with fundamental

research.

* Average annualized total return through Aug. 31, 1995

DATA: COMPANIES, MORNINGSTAR INC.


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