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General Electric To Sell GE Capital Assets: What it Means For Mutual Fund Investors (GE)

Shauna O'Brien

|

General Electric logo
On Friday morning, General Electric (GE) announced that it is selling most of its assets of GE Capital. Here’s what the news means for mutual fund investors.

Inside the News

The company reported that it will sell the majority of its assets in its real estate business for $26.5 billion. GE noted that its major buyers include Blackstone (BX) and Wells Fargo (WFC), but there are other buyers interested in smaller stakes.

GE reported that this move will help free up cash to return to shareholders in the form of share buybacks and dividends.

Cutting Back On Finance

Since the financial crisis, GE has been cutting its GE Capital business to make the overall company less risky for investors. Despite its efforts to reduce its financing business, GE Capital is still one of the biggest banks in the U.S.

GE is up over 10% in 2015, outperforming the S&P 500 index.

Mutual Funds to Watch

Investors considering a stake in GE may be interested in the funds listed below. These funds currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.74%
VFINX Vanguard 500 Index 1.11%
FKINX Franklin Income 0.47%

The Bottom Line

The funds above offer investors exposure to a diverse group of securities and industries. Investors interested in GE may also be interested in Caterpillar (CAT) or United Technologies (UTX).

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General Electric logo

General Electric To Sell GE Capital Assets: What it Means For Mutual Fund Investors (GE)

Shauna O'Brien

|

On Friday morning, General Electric (GE) announced that it is selling most of its assets of GE Capital. Here’s what the news means for mutual fund investors.

Inside the News

The company reported that it will sell the majority of its assets in its real estate business for $26.5 billion. GE noted that its major buyers include Blackstone (BX) and Wells Fargo (WFC), but there are other buyers interested in smaller stakes.

GE reported that this move will help free up cash to return to shareholders in the form of share buybacks and dividends.

Cutting Back On Finance

Since the financial crisis, GE has been cutting its GE Capital business to make the overall company less risky for investors. Despite its efforts to reduce its financing business, GE Capital is still one of the biggest banks in the U.S.

GE is up over 10% in 2015, outperforming the S&P 500 index.

Mutual Funds to Watch

Investors considering a stake in GE may be interested in the funds listed below. These funds currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.74%
VFINX Vanguard 500 Index 1.11%
FKINX Franklin Income 0.47%

The Bottom Line

The funds above offer investors exposure to a diverse group of securities and industries. Investors interested in GE may also be interested in Caterpillar (CAT) or United Technologies (UTX).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

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