Fund ratings make a muted comeback
Standard and PoorÆs sees renewed interest in its mutual fund rating service. But market appetite is far from ravenous.
After laying low for a few years, Standard and Poor’s (S&P) is again knocking on doors in Asia trying to encourage money managers to get their funds rated. And a few are biting. The agency is now preparing a rating for an institutional money market fund in Singapore and has one or two new prospects in Taiwan and Hong Kong.The renewed interest comes after a long period of apathy towards mutual fund ratings. Even though the independent analysis offered by a world-renowned agency can…
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