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Wall Street Journal Changes Listing Standard for Fund Tables
Washington, DC, April 24, 2001 - The Wall Street Journal announced that it will change its criterion for including mutual fund prices in the Money & Investing Mutual Fund Quotations section of the paper. As a result, 3,100 mutual fund listings will be removed from the Journal as of Monday, April 30, 2001.
The Journal has historically used inclusion in The Nasdaq Stock Market’s Mutual Fund Quotation Service News Media List ($25 million in assets per fund) as the criterion for listing fund prices. The Journal has adjusted its fund tables annually in accordance with Nasdaq’s annual update of its News Media list.
As of April 30, the Journal will increase the threshold for inclusion into the Mutual Fund Quotations to $50 million in assets per fund. The Journal will receive its daily fund data from Lipper Analytical Services. After an initial transition period, the mutual fund tables will be updated on a quarterly basis to take into account changes in fund asset size and new funds will be added biweekly.
Questions as to the decision to reformat the Journal may be directed to the Journal’s Market Data Group at (609) 520-5110 or email@example.com.