With many mutual fund investors looking overseas for investment opportunities that will generate attractive yields for their portfolios. Standard & Poor’s still found a lot of value among domestic funds, and highlighted several of them in its first U.S. Mutual Fund Excellence Awards Program, the company announced Monday.
S&P Equity Research, a division of the New York-based credit rating agency, named the winners during a webcast. S&P identified 29 funds that achieved the highest overall five-star quantitative ranking in each of their respective categories, and gave them gold, silver and bronze placements.
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