Standard & Poor's of New York has begun rating European bond funds. Stephanie Mery, associate director for S&P, said the ratings have been designed to help investors evaluate funds' risk as measured by the volatility of funds' returns. The fund ratings scale ranges from S1, bond funds which have the lowest volatility, to S6, funds with the highest volatility.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.