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Local mutual funds rank high in national list of best fund families

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Funds managed by American Century Investments and Waddell & Reed Financial Inc. were recognized by Barron's magazine for having some of the best mutual fund families in the business. The rankings considered the one-, five- and 10-year performance of the companies' funds in the following categories: U.S. equity world equity mixed equity taxable bond tax-exempt bond In the 1-year rankings for Best Fund Families of 2014 [PDF], Kansas City-based American Century Investment Management — part of American…

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