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Web tool’s promise: A way to find funds that are likely to succeed

A new tool that is marketed as being able to help identify the most likely mutual funds to outperform the market promises to stir up debate among both financial advisers and providers.

A new tool that is marketed as being able to help identify the most likely mutual funds to outperform the market promises to stir up debate among both financial advisers and providers.

The web-based tool, called FundReveal, uses risk, return and so-called persistence ratings to chart the pe

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