Raymond James has launched a closed-end mutual fund that tracks the 100 stocks its analysts rate as a "strong buy-1," its top rating, the St. Petersburg Times reports. Raymond James is sub-advisor, while Claymore Advisors is manager of the new fund, the Claymore/Raymond James SB-1 Equity Fund.

The SB-1 Equity Fund, which began trading on the New York Stock Exchange last Friday, has raised $200 million.

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