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Article: Two BB&T Funds finish in top 1 percent of respective Morningstar categories.
- Article from:
- Investment Weekly News
- Article date:
- September 12, 2009
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Two BB&T mutual funds, sub-advised by Scott & Stringfellow, ranked in the top 1 percent of their respective categories for three- and five-year performance, according to industry rater Morningstar. The rankings for both funds were based on total return of the Class A shares as of June 30.
The BB&T Special Opportunities Fund (BOPAX) was in the top 7 percent for one-year performance among 888 Morningstar mid-cap growth funds. The fund's performance placed it in the top 1 percent for three- and five-year performance among 794 and 658 Morningstar mid-cap growth funds, respectively.
Since its inception on June 2, 2003, the fund has generated a positive ...