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Wednesday, January 18, 2006
BusinessWeek Mutual Fund Scoreboard
BusinessWeek is touting its worthwhile Mutual Funds Scoreboard, which is available at BusinessWeek Online and updated monthly, in this article from the magazine's web site. Detailing how funds are selected, BusinessWeek said, "To get a rating, a fund must have at least five years' performance history. With data prepared for BusinessWeek by Standard & Poor's, we measure each fund's monthly performance for the past 60 months. When a fund fails to beat the return for U.S. Treasury bills, it earns negative marks, which are subtracted from the total return to come up with a risk-adjusted return. Funds are then ranked by their risk-adjusted returns from A (superior) through F (very poor). The A funds are an elite group -- the top 7.5%..."