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Ibbotson To Buy Fund Data From S&P

By Staff Writer

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NU Online News Service, July 13, 2004, 6:09 p.m. EDT

Ibbotson Associates, Chicago, has agreed to buy mutual fund data for its U.S. clients from Standard & Poor’s, New York.[@@]

S&P will also provide exchange-traded fund and closed-end fund data.

Most of Ibbotson’s customers are institutional money managers, financial planners, plan sponsors, hedge fund firms, banks, consultants and mutual fund firms.