The Barron Asset, Matthews Asian and Rainier Investment funds respectively topped a list rating mutual fund families for exercising fiduciary responsibility, the Pittsburgh Post-Gazette reports.
Fiduciary Analytics for years has advocated uniform methods for evaluating mutual fund providers because ambiguous standards currently employed by The U.S. Department of Labor leave pension plan providers with few useful perimeters for selecting qualified asset managers.
The firm now uses a proprietary screening system comprised of more than 20 variables like performance ranking, assets under management and expenses to generate a ranking of fiduciary responsibility.
