Financial Services Industry
Industry: Email Alert RSS FeedLipper may upgrade classification; Initiative would complement Lipper Leaders.(News)
Investment News, December, 2006
Byline: David Hoffman PHILADELPHIA - Mutual fund tracker Lipper Inc. is evaluating plans to overhaul its fund classification system, a move that could pose formidable competition to rival Morningstar Inc. The new classification system would take into account a fund's volatility relative to its benchmark, as well as its market capitalization and style, according to those familiar with the New York-based company's plans.
"It's designed to really be a wealth of information - to get a sense of what the personality of a fund is,'' said Jeff Keil, a former executive at Lipper who is familiar with the company's plans. Mr. Keil is now a principal at Keil Fiduciary Strategies LLC, a Littleton, Colo., consulting firm. Any new classification...
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