New Fund Tied to Fortune's Most Admired Companies List
March 22, 1999
John Nuveen & Co. of Chicago has introduced an investment portfolio of ten companies based on Fortune magazine's "America's Most Admired Companies" list. Fortune compiles this list of ten outstanding companies each year, interviewing more than 10,000 analysts, top executives and board directors to ask them their opinions of companies' financial soundness, long-term investment value and use of corporate assets. Fortune also looks for outstanding innovation, product or service quality, management quality and employee talent.
Based on these findings, Nuveen's 1999 America's Most Admired Companies Portfolio will include stock of Berkshire Hathaway, Coca-Cola, Dell Computer, Disney, General Electric, Intel, Merck, Microsoft, Southwest Airlines and Wal-Mart.