American Century Investments and Waddell & Reed Financial Inc. again earned nods in Barron’s annual ranking of mutual fund families.
The rankings track fund groups’ performance over various time horizons and investment categories.
Based on 2014’s results, Kansas City-based American Century landed at No. 8 thanks largely to its U.S. equity and mixed equity performances. It had been 56th in the 2013 rankings.
Waddell & Reed fell to No. 50 on the one-year look, a drop from No. 5 a year ago. Its Ivy Funds dropped to No. 43 from No. 11 a year ago.
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Over 10 years, however, Waddell & Reed topped the rankings and Ivy was No. 3. In the five-year rankings, they were No. 2 and No. 4, respectively.
American Century finished at No. 24 in the 10-year and No. 43 in the five-year rankings.