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S&P expands European fund rating

Standard & Poor's has expanded its European fund rating services by adding two funds run by Fortis Investment Management.

Both funds, Fortis global equity finance and long euro bond, have received a single-A rating. The bond fund was also given a volatility rating of S4. The volatility is ranked from S1 to S6, depending on its sensitivity (low to high) to changing market conditions.

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