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Article: S&P: All S&P 500 Index Mutual Funds Are Not Created Equal.
- Article from:
- Obesity, Fitness & Wellness Week
- Article date:
- November 21, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Investors have put billions of dollars into vehicles that seek to track the S&P 500 index and logic would dictate that one S&P 500 index fund would be just like the next S&P 500 index fund. Logic would be wrong (see also Standard & Poor's).
After screening for mutual funds that seek to track the S&P 500 index, S&P Equity Research found wide variances in the performance, costs, and risks of S&P 500 index funds. The S&P 500 index funds in S&P's mutual fund coverage universe have ranks covering the spectrum between five stars (18.8% of the 81 mutual funds in the S&P 500 Index Objective peer group) and one star (3.7%). The largest percentage of funds (45.7%) ...