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Merrill Lynch Mutual Funds Underperform
Several of Merrill Lynch's largest mutual funds lagged far behind competitors last year.
ML Growth lost 28% of its value and was ranked the worst mutual fund among its peers.
ML Corp. High Income lost 3.7% and was ranked in the bottom fifth of its peers.
ML Capital (a balanced fund) returned a scant 5.1%, placing it near the bottom of the pack.
ML Basic Value returned 11.7%, earning it a rank of 72 on a scale of 1 to 100 with 100 being the worst.
Source: On Wall Street, January 29, 1999
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