S&P Buys U.K. Supplier Of Mutual Fund Data Rounds Out Offerings Of Fund Services


McGraw-Hill's Standard & Poor's unit has acquired Micropal Group Ltd. of London, a supplier of data on 38,000 mutual funds in 19 countries. The 12-year-old firm provides quantitative analysis and information such as net asset values, dividend reinvestments and shareholder fees to plan sponsors, fund managers, brokers and other individual investors.

A McGraw-Hill spokesman would not reveal the price of the transaction, but he says that S&P will add the acquired firm's products to other mutual fund

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