Lipper Analytical Services is introducing a new fund classification structure for U.S. equity mutual funds. It will be phased in over the next six months.

The new system, which has been under development for the past two years, will categorize funds on the basis of two major factors: market capitalization and aggressiveness. There will be five subdivisions within those categories. The two categories reflect what investors are most concerned about when looking at mutual funds, said Steven Lipper, senior vice president of the company.

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