Standard & Poor's Fund Research is to introduce qualitative star ratings for index tracking funds, w...
Standard & Poor's Fund Research is to introduce qualitative star ratings for index tracking funds, which it hopes to launch in August. The ratings, launched in response to the wide spread of absolute performance of index funds, are an extension of the current Micropal star system. Five stars is the highest ranking, indicating a fund which S&P ranks in the top 10%. One star represents a fund in the bottom 25%. James Tew, head of fund research at Standard & Poor's said that index funds were currently given performance-only star ratings against the UK All Companies sector. Quantitative ele...
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