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BB&T fund named top performer
Staff Reports - Thu, Mar, 23, 2006
The BB&T Mid Cap Growth Fund was named one of the top performing funds in its asset class for 2005, according to Lipper Inc.
The fund’s status as a “Category King” was published in The Wall Street Journal’s Mutual Funds Monthly Review for January.
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The BB&T Mid Cap Growth Fund is managed by David Nolan of Raleigh-based BB&T Asset Management, a wholly-owned subsidiary of BB&T Corporation.
The fund seeks long-term capital appreciation by investing primarily in a diversified portfolio of equity and equity-related securities of mid-capitalization growth companies.
The Mid Cap Growth Fund earned Lipper Leader status in the total return, consistent return and expense categories. The Lipper Leader system rates a fund’s success in meeting certain goals, such as preserving capital or building wealth through consistently strong returns.
BB&T Asset Management serves as investment adviser to the BB&T Funds and is paid a fee for its services. The funds are distributed by BB&T Funds Distributor Inc., which is not affiliated with Branch Banking and Trust Company or its affiliates.
The BB&T Funds offer 24 mutual funds covering a broad spectrum of equity and fixed-income styles, including value and growth stock funds targeting the large-cap, mid-cap and small-cap sectors, and bond funds focusing on the government, corporate and municipal markets. Two money market funds also are included in the lineup.??The funds’ assets under management exceeded $16 billion on Dec. 31, 2005. For more information, call 888-228-1872, option 1.
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