Lipper Delays New Mutual Fund Service
June 14, 1999
Lipper of Summit, N.J. has delayed its plans to introduce additional categories to classify domestic equity funds until September. The research company, owned by Reuters, had originally intended to introduce the new classifications in June.
The new system will place more emphasis on the market value of stocks in a fund. Michael Lipper, president of the firm, said it will provide a better method for measuring a fund's volatility.